- First time buyers still account for almost 40% of house purchase transactions
- Only about 20% of homeowners are in the 20-24 age group, compared to around
30% ten years ago
- Deposits and income multiple constraints are a bigger hurdle for ‘true first-time
buyers’ than debt servicing costs
- Less than 10% of 22-29 year olds can overcome lending income multiple constraints
- Young Teachers, Nurses and Policemen cannot afford to buy alone – especially in
London
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