| Industry News |
|
| News » Residential Property Law » Survey suggests first-time buyer fortunes strengthening |
|
19/05/2009
Survey suggests first-time buyer fortunes strengthening |
|
The prospects for first-time buyers are holding up firmly, the National Association of Estate Agents (NAEA) has said.
In its latest quarterly survey, the NAEA has revealed that the share of the house buyers' market held by those taking their first step on the ladder was 23 per cent, holding steady with March's figure.
The NAEA said this finding "demonstrates that confidence is returning to the market after a period in which potential buyers were holding off from trying to enter the market".
Other findings included the fact that homes are being sold for an average of 6.2 per cent less than the asking price and that sales per agent were up to ten.
First-time buyers keen to get on the ladder may wish to consult a solicitor over the various legal aspects of buying a home.
Other recent studies have also indicated a rise in property transactions.
Council of Mortgage Lenders figures for March revealed a 29 per cent rise in the number of home loans since February, including a 36 per cent rise in mortgage lending to first-time buyers.
Written by Pauline Adams
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive