You are here: Home - Uncategorized -

Return of the first-time buyer

0
Written by:
16/01/2006

After a period when first-time homebuyers were rarer than hens’ teeth, a recent survey has detected their reappearance on the sceneFirst-time homebuyer interest in the housing market is reawakening, according to a recent survey conducted by propertyfinder.com. In September 2005, around 25% of those searching for property classed themselves as first-timers, but this proportion had risen steadily to 37% by the start of 2006.

Jim Buckle, chief executive officer of propertyfinder.com, said: “The fact that more first-time buyers returning to search for property is a very healthy sign of balance returning to the housing market. The numbers are still below the long-run average – which stands at 46% of the market – but it is highly encouraging to see more people gaining the confidence to take their first step on to the housing ladder.”

Overall confidence in the outlook for the housing market edged up again in December, taking optimism on the market back to a level not seen since summer 2004. About 60% of the respondents to the survey expect prices to rise in the region of 1.5% in the next 12 months.

Buckle concluded: “There is no reason to expect a return to the boom days for the housing market, but we don’t see any need to fear a bust either. The combination of strong confidence and rising numbers of first-time buyers should enable transactions to continue their recovery. For the first time in years, we can look forward to a rational, steady housing market.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Insurance story 1

Close