Nov 2011: Falling house prices trap first homeowners

First homes bought at the height of the market in 2007 have seen £11,000 wiped off their value, according to HSBC

Falling house prices have trapped more than 350,000 first-time buyers in properties bought at the peak of the market, a bank has warned.

Young people buying their first home have seen an average of £11,000 wiped off the value of their properties since 2007, according to a report by HSBC.

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