Alex Gosling, chief executive at online estate agents HouseSimple, commented that the biggest challenge facing first-time buyers is rising property prices.
He said: “If house prices rise at the rates that some have predicted over the next few years, young people simply won’t be able to save fast enough to keep up and the government’s Isa offer will be worthless if house prices are so far out of reach it’s not even worth saving for a deposit.”
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