First time buyers rising up activity

First time buyer activity hasfirst-time-buyer rose up by 31% in November 2015 which is higher on comparing to last year. This rise is 2 pc above annual increase on overall housing market activity, according to new research from Connells Survey & Valuation. First time buyer activity has rose by 2% on a month-on-month basis.

John Bagshaw, corporate services director of Connells Survey & Valuation, said: “After a relatively steady growth, first time buyers have started to rise amidst an already strong housing market. Although first time buyers are eager in getting onto the market, any little difference in base rate would affect the first time buyers and they should act soon. First time buyers also have an advantage of government schemes such as Help to Buy. These two factors are toughened by an economy that possess a combination of growth, low inflation and rising household incomes which is an attractive economic environment for typically cautious first-time buyers.”

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