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First-Time Buyers

Volume 974: debated on Wednesday 21 November 1979

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asked the Secretary of State for the Environment what is the average cost of property for first-time buyers in London and in Birmingham; and whether he intends taking further action to help first-time buyers.

The average price of dwellings in Greater London purchased by first-time buyers with a building society mortgage was £21,735 in the third quarter of 1979. Separate infornmation is not available for Birmingham, but the corresponding figure for the West Midlands region was £13,722.On the position of first-time buyers, I refer the hon. Member to the answer I gave to my hon. Friend the Member for Ludlow (Mr. Cockeram) on Wednesday, 14 November 1979.—[Vol. 973, c. 657–58.]