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FIRST TIME BUYERS RISING

Despite numerous obstacles, including rising unaffordability in many parts of the country , the number of first time buyers continues to grow. But can this good news story continue?

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ASKING PRICES CONTINUE TO FALL

Rightmove house price index for December 2018 shows that asking prices are still falling at a significant rate – down 1.5%, equivalent to a drop of £4,496 for the average property. The fall the previous month was 1.7%, giving a drop of 3.2% (or £9,719) over two months, the biggest two month fall since the same time of year in 2012.

FEWER LONDON HOUSE STARTS

In the quarter ending September 2018, the number of private house starts in the capital fell by around 50% – 3,655 compared to 7,153 in the previous quarter. The steep slowdown was revealed by researchers Molior and the starts total was the lowest since 2012.