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Evening Standard
Evening Standard
Business
India Block

Number of first-time buyers in London plummets amid housing affordability crisis

London Kim Kinnaird Halifax United Kingdom

Home ownership has become an unobtainable dream for many Londoners, with the number of first-time buyers in London down 24 per cent between January and August 2023.

There were just 24,323 successful new homeowners in the capital in the first half of the year compared to 32,110 in the same period of 2022, according to Halifax.

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