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.

 

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

Estate Agent Talk

Pflugerville, TX: Emerging Trends in New Home Construction

The Rise of Sustainable Living in Pflugerville Nestled in the heart of Texas, Pflugerville is witnessing a significant shift towards sustainable living in new home construction. Builders and developers are increasingly focusing on eco-friendly materials and energy-efficient designs. This trend is not just a nod to environmental consciousness but also a response to the growing…
Read More
Home and Living

How to Choose the Best Shower Cabin For Your Budget

If you are looking for the best shower cabin to fit your budget, then allow us to be a guide on this shopping adventure! Whether you’re looking to invest in something luxurious and timeless or something more affordable and modern, it can be daunting knowing where even to start. Fortunately, we have all the key…
Read More
Breaking News

Breaking Property News – 01/12/2023

Daily bite-sized proptech and property news in partnership with Proptech-X. Full material Information Guidance B & C published by NTSELAT all you need to know New guidance for sales and letting agents covers all three phases of programme Aim is to help agents to meet their existing legal requirements under the CPRs Material information guides…
Read More
Home and Living

Navigating a Move with Your Baby: 7 Sanity-Saving Tips

Moving to a new home can be exciting and stressful, and adding a baby to the mix becomes a whole new adventure. Babies require extra attention and care during a move, but with some thoughtful planning and a few sanity-saving tips, you can make the transition smoother for you and your little one. In this…
Read More
Home and Living

Creating Privacy with Window Treatments: A Comprehensive Guide

When it comes to keeping your home a private sanctuary, you need the right window treatments. Whether you want complete blackout, light diffusing options, or sheer privacy curtains to let in sunlight while maintaining discretion from outsiders – there are plenty of creative ways to customize your windows for maximum personal security and protection. In…
Read More
Home and Living

Glass Shower Doors Styles: Finding the Ideal Fit for Your Bathroom

Are you ready to update your bathroom and give it a luxurious, sophisticated feel? Installing glass shower doors is the perfect way to brighten up any bathroom and add a stylish touch. There are a wide variety of styles available that can fit into any space or design theme. But which type of glass shower…
Read More