FIRST TIME BUYER HITS HIGH

As readers of previous blogs know one of the stats that I am always keen to look at is the number of first time buyers in the market.  I was very interested to hear a report from the CML advising that the number of first time buyers in December increased by 18% compared to the previous year.  First time buyer numbers are now at levels not seen since 8 years ago.  The sign of a healthy market is one where the number of first time buyers is in excess of 40%.

I would warn against complacency and urge the Government to still look at schemes to continue to enable first time buyers to get on to the housing ladder.

Lindsay Darroch
Partner – Head of Property
www.blackadders.co.uk  

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