Despite its high prices, Richmond enjoyed the strongest starter-home price growth across London last year
(Picture: Adrian Lourie)Interest rates are rising, affordability testing is more stringent than ever, and the Government’s Help to Buy scheme has been wound up. Little wonder many first-time buyers feel as though they are facing a perfect storm of barriers on to the housing ladder as 2023 begins.
But the currently jittery state of the housing market — depending on which pundit you listen to, prices will end the year between three and 12 per cent lower than they started it — can also represent opportunities for smart buyers to grab a (relatively) cheap starter home.
