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First Time Buyers coming out of the woodwork

Property Market

At last it seems that first time buyers are starting to emerge . I previously blogged about ‘First Time Buyers return to the market‘ and at that time we were waiting to see if the Council of Mortgage Lenders statistics would show an about turn and actually start top rise. Well this did happen (the article from the CML is here)  and on top of that I’ve read in the Estate Agent Today online magazine that first time buyer applications are going through the roof for Haart estate agents.

Some of this may be Haart trying to big things up, and some of it is exacertbated by the fact that the current Stamp Duty Holiday is due to end at the end of March (provided you complete your purchase by then) Whatever the reason, first time buyers returning to the housing market is good news for all – they tend to have a ripple effect creating far more housign transactions overall – which in turn is a nice helper to the economy

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Cheers

 

Mark

 

 

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