Survey reveals how much deposit the average first-time buyer in Yorkshire needs

First-time buyers now make up nearly half of all house purchases financed by mortgages, a new study has revealed. Picture: Lauren Hurley/PA Wire
First-time buyers now make up nearly half of all house purchases financed by mortgages, a new study has revealed. Picture: Lauren Hurley/PA Wire

A record 174 new rural affordable homes were built in north and east Yorkshire in the last 12 months, bringing the total to 750 in six years.

It means the North and East Yorkshire Rural Housing Enabler Network and its partners exceeded their annual target of 100 homes.

Of the 174 homes built, 31 were in National Parks, 155 for rent and the remaining 19 for low-cost home ownership.

Coun Richard Foster, chairman of the network, said: “I am very pleased to see such a large number of new rural affordable homes delivered this year. In future years, we hope to see additional new homes delivered by communities themselves.”

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