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COMFORT FOR NEW BUYERS - The Argus

First Time buyers will have less trouble getting onto the property ladder by 2025 despite house prices more than doubling, research has claimed.

The cost of a home is set to soar by 112 per cent over the coming 20 years to an average £333,000, according to a report commissioned by the Woolwich.

But a change in the housing mix, with an increase in the number of smaller starter homes built, should mean there are more homes aimed at first-time buyers.

At the same time earnings growth is set to outstrip house price rises, with an average pay increasing by 140 per cent during the period, making property more affordable for first-timers.