20 May

New report shows first-time buyer boost

New report shows first-time buyer boost

The National Association of Estate Agents' (NAEA) latest Housing Market Report has revealed there were more first-time buyers involved in property transactions in April than in the same month last year.

According to the UK's professional body for estate agents, first timers accounted for 23 per cent of the sector's overall activity during the course of the month - with their proportion of the market up 15.3 per cent on April 2008.

Over the last few weeks, both property consultancy Ducalian and financial services provider Halifax have said that it is currently a good time for first-time buyers with the right deposit to get on the housing ladder.

The NAEA stated: "It could be expected that this figure would rise if mortgage finance was more readily available."

Commenting on the housing market as a whole, NAEA Devon representative Richard Copus said the monthly survey showed "an unheralded revival in almost every way".

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