20
May
New report shows first-time buyer boost
The National Association of Estate Agents' (NAEA) latest Housing
Market Report has revealed there were more first-time buyers
involved in property transactions in April than in the same month
last year.
According to the UK's professional body for estate agents, first
timers accounted for 23 per cent of the sector's overall activity
during the course of the month - with their proportion of the
market up 15.3 per cent on April 2008.
Over the last few weeks, both property consultancy Ducalian and
financial services provider Halifax have said that it is currently
a good time for first-time buyers with the right deposit to get on
the housing ladder.
The NAEA stated: "It could be expected that this figure would rise
if mortgage finance was more readily available."
Commenting on the housing market as a whole, NAEA Devon
representative Richard Copus said the monthly survey showed "an
unheralded revival in almost every way".
