The house price inflation facing first time buyers is “frankly frightening” according to a new analysis which suggests typical FTB house prices are soaring.
Direct Line Home Insurance says the average FTB needs to find £43,623 more than they did in 2016, a 24 per cent increase, to secure their first property.
Over the same period, the average salary of a 30-something – the decade that most people buy their first property – has risen by just 10 per cent.
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