Property Confidence As First-Time Buyers Return

Evening Standard - London › October 20, 2005

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Summary

FIRST-TIME buyers are trickling back to the housing market in what promises to be a major boost for property prices next year.

Enticed by the recent cut in interest rates and sellers dropping asking prices to more realistic levels, first-time buyers accounted for 11% of total home sales in September, according to the National Association of Estate Agents. That compares with the previous month's two-year low of 7.7%.

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Extract

Property Confidence As First-Time Buyers Return

The increase came as the number of sales agreed rose for a third month in September.

That coincided...

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