7 May

Property bargains 'to be had'

Property bargains 'to be had'

There are a number of property bargains on the market at present, according to the chief operating officer at a UK-based mortgage broker.

Andy Pratt from Alexander Hall said that those people who "continue to dip their toe" into the sector will be able to find good deals.

First-time buyers, therefore, could find that now is an ideal time to invest in the inaugural home.

Mr Pratt continued: "The majority of people are going to wait for three, six or nine months until they feel absolutely safe that house prices are not going to fall dramatically again."

Another possible sign that property is becoming more affordable comes from Paragon Mortgages, which reported this month that home loan advisers expect to do more business in the second quarter of 2009, compared to the first three months of the year.

It has been predicted that 3.6 per cent more deals will be completed during the period.
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