Halifax 2009 Housing Affordability For First Time Buyers 2009
02 May 2009
Home affordability for potential first-time buyers (FTBs) has improved substantially since mid 2007, according to the latest Halifax FTB Affordability Review. The proportion of local authorities in the UK where housing is affordable for an FTB has more than trebled since 2007. In the first quarter of 2009, the average price paid by an FTB was affordable for someone on average earnings in 21% of local authorities; compared to just 6% in 2007 Quarter three.