Chal­lenges for the first-time buy­ers

Yorkshire Post - Property - - PROPERTY -

FIRST-TIME buy­ers will make up 25 per cent of prospec­tive buy­ers next year, which is well short of the 40 per cent level seen pre­credit crunch.

Right­move says there is a grow­ing list of chal­lenges for first­time buy­ers try­ing to get on to the prop­erty lad­der, with three in 10 say­ing their big­gest sin­gle con­cern is find­ing a suit­able prop­erty to buy. The prop­erty por­tal says the lack of prop­erty is caused by the num­ber of sec­ond step­pers who can­not af­ford to move on.

Right­move’s Miles Ship­side says: “That the tra­vails of to­day’s sec­ond-step­pers can neg­a­tively im­pact to­mor­row’s first-time buy­ers is a great ex­am­ple of how in­ter­con­nected the hous­ing mar­ket is.”

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