The number of first-time house-buyers has fallen by more than a fifth.
There were 22% fewer first-time buyers between January and August compared with the same period last year, according to Halifax. They still accounted for 53% of all home loans agreed in the first eight months of this year, similar to a year earlier (52%).
Meanwhile, a separate report from Rightmove, looking at more than 600,000 available properties on the property website, revealed that “fixer uppers” are the most in demand among buyers and are 8%, or £29,000, cheaper than the average property up for sale.
