18
Jan
First-time buyers increase market share
Members of the National Association of Estate Agents (NAEA)
reported that
First-time buyers have improved their market share in December
leading to further optimism that more people will soon be able to
get a foot on the property ladder.
Members of the National Association of Estate Agents (NAEA)
reported that first time buyers increased their share of the market
with a substantial hike from 10.1 per cent in November to 13.0 per
cent in December.
This is the highest figure recorded for first timers since November
2006 when a 13.4% share was reported by NAEA agents.
NAEA president Stewart Lilly said: "We hope this positive trend
will continue into 2008. Another interest rate drop would be a very
positive move for the struggling first-time buyer group – and
indeed for consumer confidence as a whole.
"While we expect the coming 12 months to be fairly uneventful in
terms of prices, we hope that further rate cuts might restore a
sense of optimism in the market."
