Still alot to be done to help those struggling to buy their first home (NAEA Propertymark)

February 22, 2018

News release 21st February 2018 from NAEA Propertymark headlined ‘Ways to help first time buyers enter the housing market’

Although recent figures show the number of first-time buyers (FTBs) has reached its highest level in a decade, there’s still a lot to be done to help those who are struggling to purchase their first home.

NAEA Propertymark outlines suggestions to help FTBs onto the housing ladder. Read Suggestions……..

Mark Hayward, Chief Executive, NAEA Propertymark comments: “The Government’s announcement to abolish stamp duty for FTBs has helped buyers feel like the process is more affordable. FTBs are struggling, particularly when it comes to saving for a deposit, and this needs to be addressed. Positively, however, FTBs are being practical. Since the stamp duty reforms we have seen evidence that outside of London in particular, they are delaying their search until they have more money saved, in order to purchase a bigger property. This means they’ll be able to stay in the property for longer, making the most of the stamp duty saving and, helping their money go even further.”

Read the news release 21st February 2018 in full click here.

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.

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