First time buyers are back
- 11th September 2007
- Buying Property News
There are signs that first time buyers are returning to the property market as property prices slows down.
A monthly survey carried out by Spicerhaart Financial Services has identified an increase of 3% of first time buyers now looking to buy.
Operations director, Steve Cox says: “It is encouraging to see these early signs of the first time buyer share picking up again, as these buyers are a vital driving force in the housing market. With property price growth finally cooling and stabilising in some areas, first time buyers appear to be confident in their financial security. They are looking to buy before prices start to go up again.”
Even though RICS figures suggest that getting on to the housing market is the hardest it has been since 1990. Mr Cox comments: “Buyers are still determined to own their own property, even if it means borrowing slightly more or accepting help from their families.”
Buyers are still determined to own their own property, even if it means borrowing slightly more
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