Thursday, 23 February 2012

Property market: quarter of house buyers are first-timers - Telegraph

Property market: quarter of house buyers are first-timers - Telegraph

Some 23pc of sales in January were to first-time buyers, up from 21pc in December and the third monthly rise in a row, the National Association of Estate Agents (NAEA) said.

The uplift in first-time buyer sales is the highest percentage since May last year, and comes after this sector of the market slumped to a three-year low last autumn, as those struggling to raise a deposit remained trapped in the rental sector.

Analysts fear the fragile housing market could be disrupted further next month when the two-year holiday on stamp duty, which raises the threshold for first-time buyers from £125,000 to £250,000, comes to an end.

No comments:

Post a Comment