Market 'has opportunities for first-time buyers'

27-Feb-2008

First-time buyers may be reassured to learn that the current property market could hold good opportunities for them.

Smart New Homes has drawn attention to a current lull in house prices, but advise that they could start to jump up again as early as March.

Housing intelligence business Hometrack has noted that the past five months have seen five falls in house prices, leading Smart New Homes to say that this could be the ideal time for first-time buyers to apply for a mortgage.

According to Smart New Homes, prices could creep up over the next few months due to a return in buyer confidence along with the further interest rates that have been forecast.

David Bexon of Smart New Homes said that first-time buyers should take advantage of this current, possibly brief, dip in prices.

First-time buyers currently account for around 30 per cent of property purchases.

Award for first-time buyer scheme First-time buyer couples 'have advantage'

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