2007 saw 359,900 people buy their first property, while in 2016, 335,750 people climbed onto the property ladder.
First-time buyers in London can now expect to pay upwards of £400,000 for a property, which compares with over £200,000 for a property outside the capital.
The average deposit for a first-time buyer has now peaked at an average of £32,000, which is double what first-time buyers had to pay ten years ago.
Though London property remains out of reach for many would-be buyers, government schemes and other factors have helped some first-time buyers climb onto the property ladder in 2016.
Low borrowing rates, strong employment levels, and the Help to Buy scheme have all helped first-time buyers, while the Chancellor's pledge in November's Autumn Statement to boost affordable housebuilding should also help to easy asking prices.
The government made changes to the Help to Buy: Equity Loan scheme by increasing the upper loan limit from 20% to 40% for those buying in any London borough. This change came into affect on February 1 2016.
These figures show that there is still confidence in the UK property market, as buyers continue to invest in residential property.
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