Kim Kinnaird, director of Halifax Mortgages, said: “The overall fall in house prices we saw in 2023 will go some way to helping people get on the ladder for the first time – but these buyers are still dependent on a steady supply of properties in their price range, while they are faced with the continued pressure of saving for a deposit, when rent and living costs are high.”
![Halifax: First-time buyers are joining forces to buy properties Halifax: First-time buyers are joining forces to buy properties](https://i0.wp.com/ichef.bbci.co.uk/news/1024/branded_news/A1B9/production/_132510414_gettyimages-1243612602-1.jpg?fit=%2C&ssl=1)