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The Independent UK
The Independent UK
Business
Simon English

Rising house prices leave first-time buyers chasing moving target

Moneybox Brian Byrnes

The dream of homeownership is slipping further away from Britain's first-time buyers just as they think they are about to reach it, new data shows.

Analysis from wealth management platform Moneybox suggests that rising house prices are adding an extra nine months to the time it takes the average buyer to save for a deposit, even when they are putting away money consistently every month.

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