Number of first-time buyers at 9 year high
This may come as a surprise to some, but despite higher house prices, there were more first-time buyers in 2016 than at any time since the financial crisis, reported by our friends at Zoopla.
First-time buyer numbers sored to a nine year high in 2016 despite the typical price paid for a starter home breaking through the £200,000 barrier.
More people took their first step on to the property ladder last year than at any time since the global financial crisis struck
Mortgage lender Halifax estimates there were 335,750 first-time buyers in 2016, the highest figure since 2007 when 359,900 bought their first property.
The typical deposit put down by a first-time buyer had more than doubled since 2007 to stand at just over £32,000.
To see a full copy of the report from Zoopla please click here
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