First time buyer numbers rise
It would appear that figures used from February 2015 show that first time buyers now account for a third of all house sales, that is according to a report by the National Association of Estate Agents (NAEA) These figures confirm that the tide is beggining to turn for first time buyers, it would appear that policies are feeding through and young buyers are finally seeing the possibility of getting their foot on the property ladder being a reality.
The Government is now backing three Help-to-Buy schemes, the schemes offer the first time buyer help to buy from developers or builders, to people buying existing rather than just newly built homes, the last scheme the Help-to-Buy ISA was introduced in the recent budget , information on Help-to-Buy can be obtained from on these schemes is on the website helptobuy.org.uk.
We still have the election to get through on May 7th, any change away from a Conservative led Government may see a change to such Help-to-Buy policies, it appears for the moment that agents seem to be firmly in favour of a Tory majority, many agents seem concerned about Labour and what effect the introduction of the Mansion Tax may have on the property market. Whoever wins [the General Election], they will need to make sure that building more affordable homes is top of their agenda.
You May Also Enjoy
Breaking Property News 5/10/26
Gap between house prices and earnings narrows
New Scheme Could Double Solo Buyer New-Build Options
Annual house price growth halves in September
Homesellers say valuation appointment is key