First time buyers Returns

london-touch-to-sell-propertyThe number of first time buyers rose approximately a quarter in 2015 despite of the growing insecurity that they are being constricted in the market. November saw 31,300 first-time buyer completions, an annual rise of 23.7% and the most since August 2007. Since November 2014 the first time buyer purchase prices have fallen to 4.7%, which has helped the first time buyers.

Adrian Gill, director of estate agents Your Move and Reeds Rains, says: “First time buyer numbers have had a strong 12 months. Despite an unstable start at the beginning of 2015, as the pay rises were slow and uncertainty of the economy has held back some, but they have got better in time of Christmas. First time buyers are also been helped by Government schemes, such as the Help to Buy scheme, and lower interest, higher LTV lending.”

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