The ONS data shows the pace of house price growth remains strong with London higher by 9.8% ahead of the UK average.
From February the new London Help to Buy scheme will offer homebuyers loans up to 40% of the property value to purchase new-build homes.
People struggling to buy their first home are given a helping hand with the Help to Buy Isa free from tax and up to 4% interest.
Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.
The government’s Help to Buy scheme has hit record levels in June for the equity loan part with 4,745 completions.
A survey sponsored by Shelter shows that half of parents expect their children would require an inheritance from them to buy their first home.
Data from Rightmore reveals property prices have reached a new high due to a lack of sellers and more people looking to buy.
David Cameron is to allow 1.3 million families the dream of owning their own home by extending the Right to Buy scheme first started in the 1980s.
Mortgages taken out by home buyers increase says Bank of England although house prices slowed for the seventh month in a row.
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
Demand for Help to Buy may be reaching a peak after data shows that house price growth is slowing and even decreasing.
Demand for new-build homes is driving a boom in house building with construction growing for the fifteenth consecutive month.
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