14 May

'Bargains available' for property buyers

'Bargains available' for property buyers

There are currently a number of bargains to be found by first-time buyers, according to the professional body for estate agency.

In a statement released on Thursday, the National Association of Estate Agents (NAEA) revealed first-time buyer confidence has returned to the market.

People searching for their first homes believe they can purchase property now and benefit from their investment when the value of their bricks and mortar starts going up again in the future, the NAEA revealed.

Commenting further, the group said: "Responsibility is now the key to market success. The major lenders must be responsible rather than draconian with their lending."

The NAEA's comments come on the back of the latest figures from the Council of Mortgage Lenders, which showed that house purchase lending in March was up on the figure for February and accounted for 35 per cent of all home loan lending during the month.

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