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18/12/2008
Percentage of first-time buyers increasing, NAEA says |
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The National Association of Estate Agents (NAEA) has revealed that the percentage of first-time buyers in the housing market has climbed for the third month in a row.
In November, the number of first-time buyers as a percentage the total market increased to 10.4 per cent.
Chris Brown, president of the NAEA, says: "For tens of thousands of people, their New Year's resolution as 2008 draws to a close will be to get onto the property ladder, or to move further up it. We must all do what we can to help them achieve that goal."
Meanwhile, housing minister Margaret Beckett has unveiled a £400 million scheme to help first-time buyers get on the property ladder.
The HomeBuy Direct proposal aims to help up to 18,000 first-time buyers via an equity loan that is free of charge for up to five years.
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