Slump in FTB activity

first-time-buyerFirst time buyer activity have dropped in recent months to October in both deposits and completion. In October there were only 28,100 first time buyer completions which is 8.5% drop from three months before, according to the latest first time buyer tracker Your Move and Reeds Rains.

Director of Your Move and Reeds Rains, Adrian Gill Says: “First-time buyer sales are enduring a slight winter chill. As Christmas fast approaches alongside all the additional costs that come with it many will be holding off until the New Year.”

“Sales totals are still high relative to previous years, with no sign that they’re about to slide back to the doldrums of 2012 and 2013” he says.

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