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First-time buyers ‘driving housing market recovery’ – Zoopla

First-time buyers are helping to drive the housing market recovery as it struggles to bounce back, new figures from Zoopla show.

Rocketing rental costs are forcing many tenants to look seriously at buying a property, the portal says.

The worst of the recent house price falls are over, as demand continues to recover and supply is up 66%.

Zoopla reveals the income needed to buy a three-bed home for a first-time buyer has increased by an average of £7,350 since 2020 to a total of £55,900.

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