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.
Partner – Head of Property