The number of people buying their first home with a mortgage fell to the lowest in a decade in 2023.
Rising interest rates and the end of the Help to Buy scheme resulted in a fall of 22% to 290,000 first-time buyers, according to Yorkshire Building Society.
It is the lowest figure since 2013, the year when Help to Buy was introduced.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
As his first solo venture launches, Schama wants to redefine hospitality advisory
Retention rate is significantly ahead of underwrite assumption
Suitor had been due to make offer or walk away by 5pm today
A look ahead to what is happening in the world of commercial real estate this week
