{"id":140877,"date":"2024-01-02T07:01:45","date_gmt":"2024-01-02T00:01:45","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-uk-first-time-buyers-in-2023-was-lowest-in-a-decade\/"},"modified":"2024-01-02T07:26:17","modified_gmt":"2024-01-02T00:26:17","slug":"number-of-uk-first-time-buyers-in-2023-was-lowest-in-a-decade","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-uk-first-time-buyers-in-2023-was-lowest-in-a-decade\/","title":{"rendered":"Number of UK first-time buyers in 2023 was lowest in a decade"},"content":{"rendered":"


\nFigure estimated to be down by a fifth, as rising interest rates and high house prices had impactWhat will happen to house prices and mortgages in 2024?Top 10 hotspots in Great Britain experts say are in demandThe number of first-time buyers who bought a home with a mortgage fell to its lowest level in a decade in 2023, according to a leading lender.The figures, from Yorkshire Building Society, are the latest evidence that housing affordability has been stretched to the limit by rising mortgage interest rates and high house prices. Continue reading…
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\nSource : theguardian.com
\nRead more…Number of UK first-time buyers in 2023 was lowest in a decade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Figure estimated to be down by a fifth, as rising interest rates and high house...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-140877","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-AEd","jetpack-related-posts":[{"id":135050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-house-prices-may-seem-like-a-good-thing-but-its-renters-who-are-paying-the-price-josh-ryan-collins\/","url_meta":{"origin":140877,"position":0},"title":"Falling house prices may seem like a good thing \u2013 but it's renters who are paying the price | Josh Ryan-Collins","date":"March 3, 2023","format":false,"excerpt":"\r With first-time buyers unable to get a mortgage and landlords hiking up rents, it\u2019s a vicious cycleUK house prices are falling. In the year to February, prices fell by 1.1% to reach their lowest level for over a decade. The drivers are clear: inflation and rising interest rates are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-pulls-some-uk-mortgage-deals-as-fears-of-rising-rates-hits-home-buyers-once-more\/","url_meta":{"origin":140877,"position":1},"title":"HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more","date":"June 9, 2023","format":false,"excerpt":"\r Analysts expect mortgage rates to soar and housing prices to plummet in the U.K., as the effect of higher interest rates ripples through the British housing market.\r \r Source : cnbc.com\r Read more...HSBC pulls some UK mortgage deals as fears of rising rates hits home buyers once more","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-first-time-buyers-how-to-get-yourself-mortgage-ready\/","url_meta":{"origin":140877,"position":2},"title":"UK first-time buyers: how to get yourself mortgage ready","date":"March 23, 2024","format":false,"excerpt":"\r High property prices and rising interest rates and living costs are hindering would-be homeowners, but there are optionsDiary of a first-time buyer: \u2018Five brokers, four offers - but at last I\u2019m a homeowner\u2019How to pick a mortgage and the best UK dealsDream homes for first-time buyers in England \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-applications-rise-2-but-buyers-seem-unimpressed-by-lower-rates\/","url_meta":{"origin":140877,"position":3},"title":"Mortgage applications rise 2%, but buyers seem unimpressed by lower rates","date":"December 5, 2018","format":false,"excerpt":"\r While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer.\r \r Source : cnbc.com\r Read more...Mortgage applications rise 2%, but buyers seem unimpressed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sky-high-house-prices-havent-put-first-home-buyers-off-but-could-rising-interest-rates\/","url_meta":{"origin":140877,"position":4},"title":"Sky-high house prices haven't put first home buyers off – but could rising interest rates?","date":"July 23, 2021","format":false,"excerpt":"\r First home buyers are buying more houses but are also at greatest risk should interest rates rise and add thousands of dollars to their mortgage repayments.That's according to analysts CoreLogic, who said investors had been buying...\r \r Source : nzherald.co.nz\/Property\r Read more...Sky-high house prices haven't put first home buyers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140042,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-at-lowest-level-since-2017-as-high-interest-rates-deter-buyers-weigh-on-transactions\/","url_meta":{"origin":140877,"position":5},"title":"Hong Kong home prices at lowest level since 2017 as high interest rates deter buyers, weigh on transactions","date":"October 27, 2023","format":false,"excerpt":"\r Hong Kong\u2019s lived-in home prices fell by nearly 1.75 per cent in September to their lowest since April 2017, as elevated interest rates have dampened sentiment and kept buyers on the sidelines.\r \r Source : South China Morning Post\r Read more...Hong Kong home prices at lowest level since 2017\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140877"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=140877"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}