2 July 2012

New research from Rightmove has shown that first-time buyer rates are the highest they have been for three years.

33% of respondents were concerned about raising a deposit but this rate is down 42% from a year ago.

Approximately one third of people looking to purchase property in the next year will be a first-time buyer with the average age falling by one year to 31.

Miles Shipside, Director of Rightmove commented on estateagenttoday.co.uk that: “The results come as a welcome surprise, and hopefully, this three-year high in intending first-time buyers will come to fruition.”

He added: “It seems that some five years into the property market downturn, more are getting their heads and wallets around the new rules of first-time home ownership, though they still face some testing challenges.”

@MovewithUs

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