Monday 28 January 2008

Price dip gives first-timers a better chance

"If anyone should find a silver lining to the cloud that has settled over the British housing market, first-time buyers are an obvious candidate. The fall in house prices in some areas, and an increase in the number of one- and two-bedroom flats going on sale before Christmas to avoid the roll-out of home information packs, has encouraged more people to venture into the market again.

According to the National Association of Estate Agents, first-time buyers increased their share of the market from 10.1 per cent in November to 13 per cent in December. This is the highest proportion recorded for more than a year..."

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