RESEARCH REVEALS SHORTAGE OF FIRST TIME HOME BUYERS
The
United Kingdom housing market is experiencing a potentially serious shortage of
first time buyers, particular in the South East and North West, new research
has found. First time buyer activity in the North East and Yorkshire and
Humberside is less than half of what it was pre-recession, while London is the
least affected, according to the report from private mortgage insurer Glenworth
based on an analysis of government and industry data. Propertywire.com reports
that the South East averaged 86,733 first time buyers a year from 1974, when
records began, up until 2006.
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