28 Jul

First-time buyers 'will always struggle to get on the property ladder'

First-time buyers 'will always struggle to get on the property ladder'

First-time buyers may be interested to hear the opinion of one industry commentator who discussed the housing market recently.

Malcolm Harrison, an independent property specialist, stated that no matter what the current industry is like, it will always be difficult to take the first step on to the ladder.

He said that this has been the situation "ever since the war" and the first property purchase a person makes is always going to be a "pretty major step forward".

Although many people think first-time buyers are struggling at the moment, "it's no different from their father's generation or their grandfather's generation," Mr Harrison added.

He does not expect to see any major changes to house prices in the immediate future.

At the end of last month, Hometrack reported that the average property price stood at £155,600 in June – the same as the figure recorded for April and May.ADNFCR-1222-ID-19279191-ADNFCR

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