First Time Buyers Still Struggle
Only 1 in 10 manage to buy the house they want despite a cooling market
13th May 2005
A new report by Bradford and Bingley says that 9 out of 10 first time buyers are forced by high prices to give up on the house they first wanted to buy, and settle for something cheaper.
Despite a cooling market, 43% of first timers feel prices are still rising faster than they can save, while a third of would-be homeowners have failed in a bid to negotiate a lower price.
Rising rents have also made life more difficult for first time buyers, as they struggle to save a deposit while renting their current home.
Read More: BBC
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