First-time home buyer numbers 'collapse' - 2004-02-24
First-time buyers are struggling to jump onto the property ladder because of huge increases in house prices, according to research.
Young people hoping to buy their first home will find it 33 per cent less affordable than it was ten years ago.
It said these measures appear to show that mortgage payments have become more affordable in recent years due to falling interest rates, and this has helped off-set rising house prices.
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