Number of First-Time Buyers in the Capital Falls to All-Time Low

Evening Standard - London › April 21, 2008

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Summary

THE number of first-time buyers in London has fallen to an all- time low.

Just 13 per cent of mortgages in January went to first-time buyers, compared to 19 per cent last year and 37 per cent in January 1997.

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Extract

Number of First-Time Buyers in the Capital Falls to All-Time Low

Experts blame the decline on spiralling prices and the credit crunch, which has led to the disappearance of 100 per cent mortgages and increased loa...

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