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LATEST NEWS & EVENTS Key workers see housing affordability improve  Nurses, teachers, police officers, fire fighters and paramedics looking to use residential property conveyancing services to buy a home will find affordability has improved significantly in the last four years. Since the house price peak in the third quarter of 2007, there has been a 14-fold increase in the number of towns with affordable homes, according to research from Halifax. Currently 38 per cent of towns are affordable for key workers, compared to just three per cent in 2007. Nitesh Patel, housing economist at Halifax, explained that a combination of lower house prices and higher wages was the cause of the change. However, the number of affordable towns in 2011 is "significantly lower" than ten years ago, he added. "Government schemes to assist low-cost home ownership are welcome, although it remains to be seen how big the impact on key workers will be," Mr Patel said. One such scheme is the recently announced FirstBuy initiative, which will help around 10,000 homebuyers with their deposits. Posted by Georgina Price 
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