Tuesday, 13 February 2018

First-time buyers 'at 11-year high' in 2017 than in any year since financial crisis

More first-time buyers took out mortgages in 2017 than in any year since the financial crisis.

There were 365,000 first-time buyers in the UK, the highest number since 2006 and an increase of 7.4% compared with 2016, UK Finance said.

Yet this growth is expected to cool in 2018, the lenders' trade body said. The buy-to-let market was also "less buoyant", it said.

Separate official data shows UK house prices rose by 5.2% in 2017.

The figures, from the Office for National Statistics (ONS), showed that the 4.8% rise in the price of properties bought by first-time buyers was a slower rise than elsewhere in the market.

BBC     News.

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