New-build developments plunge to lowest level since 2017 in massive blow to first-time buyers

The housing market is experiencing a significant downturn for first-time buyers as new-build developments have hit their lowest point since 2017, according to a recent Rightmove analysis. This decline poses a serious challenge for those looking to enter the property market, as fewer homes are being constructed despite government targets aimed at boosting supply. The situation underscores broader issues in the housing sector, including affordability and the impact of economic policies on new construction. This trend could have long-term implications for housing availability and the overall economy.