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Looking to buy a home? Northern Ireland's first time buyers now need £30k deposit

Analysis shows difficulty getting on property ladder

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Demand: A woman looking at houses for sale inan estate agents window

Demand: A woman looking at houses for sale inan estate agents window

Demand: A woman looking at houses for sale inan estate agents window

First time buyers in Northern Ireland trying to get on to the property ladder are having to put down an average deposit of almost £30,000, new analysis has shown.

The figure, for 2020, is a 17% increase on the previous year, but remains some way short of the average £130,000 new buyers need to pay up front to secure a home in London.

The statistics have been released by the Halifax and show just how difficult the housing market is becoming for people seeking to buy a property for the first time.


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