First time buyer numbers rise

March 31, 2015

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.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Breaking Property News – 17/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   CEO Adam Pigott on tour in Norfolk with tlyfe App Full disclosure CEO Adam Pigott and his team are one of my earliest clients, so it is always a pleasure to hear what they have been getting up to. And this week they were…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker

Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago The average 60% LTV 5-year fixed mortgage…
Read More →
Rightmove logo
Breaking News

Rightmove comment on inflation reducing to 3.2%

UK inflation slowed less than expected last month, making traders and economists more cautious about the likely pace of interest rate cuts. Matt Smith, Rightmove’s mortgage expert said: ‘It’s positive to see inflation continuing to fall this morning, albeit not by quite as much as expected, as the blocks continue to build towards the anticipated…
Read More →
Estate Agent Talk

Multifaceted Rewards of Vineyard Estates: Investing in Vineyard Estates in Provence for a Fulfilling Lifestyle Business

Vineyard estates provide an exceptional opportunity to invest in a lifestyle business that aligns with a passion for crafting something unique, freedom for creativity, and business interests while harmonizing with the rhythms of nature. In Provence, you can invest in winemaking and foster authentic connections with the land and community while enjoying your returns. It’s…
Read More →
Breaking News

Breaking Property News – 16/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   VTS Activate Multifamily launches Press Release – LONDON – April 16, 2024 – VTS, the industry’s only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced that it has launched a revolutionary new resident experience technology offering, VTS Activate Multifamily.…
Read More →
Breaking News

Breaking Property News – 15/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X. Ascendix deep dives into the world of the AVM This month Yana Yarotska from Ascendix gives some thought leadership on the operational world of AVM’s and how Artificial Intelligence plays into the mix. ‘AI property valuation refers to the application of artificial intelligence, such as machine learning…
Read More →