Reuters reports that house prices fell 5.1 per cent compared to the year before in September.
The average house price in September was £208,583, according to the Department of Communities and Local Government.
The average first-time buyer now pays around £24,000 for a deposit on a £150,000 property.
A higher threshold for paying stamp duty has meant 51 per cent of buyers were able to avoid the payment, compared with only 22 per cent in September last year, the CML has said.
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