In 2016 the property market saw a huge increase in first time buyers coming to the market, according to a report by Halifax, and the deposit required to purchase a property has more than doubled over the last 8 years and is now on average £32,000, 16% of a typical first home. The average property price has also increased to an average of £200,000 accross the UK, and a whooping £400, 000 in London according to the report! As the life blood of the property market it is positive news that First TIme buyers are coming back to buy, and able to take out mortgages over a longer term, however the government will need to implement help in the near future in order to keep this end of the market moving.