Monday, November 26, 2012
But low home-ownership
London first-time buyer numbers are at a three year high, despite the highest house prices in the country. Figures from the Council of Mortgage Lenders show 10,000 first-time buyers took out a mortgage in the capital in the third quarter of 2012. But... The level of home-ownership in London is the lowest in the UK, largely due to booming property prices and big deposits.