First time buyer activity leaps in March

sturdy rise in price for livingFirst time buyer activity has peaked in March, whilst the buy to let was increasing as landlords were rushing up to finish before the stamp duty increase. According to Your Move & Reeds Rains’ latest first time buyer tracker,  total first time buyer transactions were more than 32,000, the highest monthly total since June 2014. This marks a rise of more than 47% month on month of February’s first time buyer total, 22,000.

Adrian Gill, director of estate agents Your Move and Reeds Rains, says: “A flood of first timers illustrates the property market is progressing at a powerful pace. Much was made of March being the month of the buy to let landlord and the second home owner. Future first time buyers are trying their best to own their own home, and we are seeing a continuing rise in demand for suitable homes this spring. First time buyers had been helped by the range of support options such as the Help to Buy scheme.”

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