First-time buyer’s increase to 36%

March 23, 2017

February saw the rate of first-time buyer’s increase to 36%, a demographic that currently accounts for just over one third of February’s property market activity, the largest proportion of first-time buyers since July 2011.

It is suspected that the reason for this is twofold; near zero base rate mortgages, and the drop in buy to let purchases.

Continued affordable mortgages are allowing first time buyers the perfect opportunity to get on the housing ladder, and whilst the base rate stays so low, now is the perfect time to buy and many are taking advantage of this.

In contrast, the buy to let market has slowly been dropping since the change in stamp duty, reaching a new low in February and giving a perfect opportunity for first time buyers to come on the market.

At AVRillo we are experts at talking to first time buyers and easing any concerns. We take first time buyers through the excited journey of their first purchase smoothly, and with our 91% success rate, our buyers are soon in their perfect home.

Please contact us: 0208 370 3877 – EMAIL: aap@avrillo.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Zoopla House Price Index Reaction

The latest index from Zoopla shows that: – First-time buyers are targeting homes worth £10,000 more than a year ago, with average prices up 4.3% to £254,750 – nearly 3x the rate of UK house price growth There are 6% fewer first time buyers in the market than this time last year, but those that…
Read More →
Breaking News

First-time buyers target homes worth £10,000 more

Housing market activity is holding up in the face of uncertainty, though with fewer buyers than a year ago the outlook remains finely balanced.   First-time buyers are targeting homes worth £10,000 more than a year ago, with average prices up 4.3% to £254,750 — nearly 3x the rate of UK house price growth There…
Read More →
Home and Living

The garden upgrades that can add the most value

The garden upgrades that can add almost £9K to your home’s value this summer   With summer traditionally one of the busiest periods for the property market, new research from Yopa reveals that adding a garden room or home office could boost the value of the average UK home by almost £9,000 after costs, making it…
Read More →
Breaking News

Property values climb in Q1

The latest Property Market Index Review by London lettings and estate agent, Benham and Reeves, has revealed that the property market lost momentum during the first quarter of 2026, with house prices showing signs of recovery following the previous quarter’s fall.   The Benham and Reeves Market Index Review The Benham and Reeves Property Market Index…
Read More →
Breaking News

Propertymark backs move to commonhold

Propertymark has welcomed proposals from the Ministry of Housing, Communities and Local Government to phase out the sale of new leasehold flats in England and Wales, while warning that the transition to commonhold must be carefully managed to avoid market disruption and consumer confusion. Responding to the UK Government’s consultation on “Moving to commonhold: banning…
Read More →
Letting Agent Talk

Phasing out leasehold flats is the right thing to do

Propertymark has welcomed UK Government proposals to ban the sale of new leasehold flats and replace them with a commonhold system designed to give homeowners greater control over their properties. Responding to a consultation launched by the Ministry of Housing, Communities and Local Government, Propertymark said the reforms could help tackle many of the long-standing…
Read More →