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14th January 2016
First time buyer numbers stay high despite rising prices
Rising house prices over the past year have not stopped first time buyers taking the plunge into the property market as new figures for 2015 are almost the same as the previous year.
The Halifax says 310,000 entered the market in 2015 – just 0.5% lower than 2014 – despite the average price of a first-time home having risen 10 per cent. This figure continues the dramatic growth in first time buyers from the 2011, when the figure was 193,700.
The small decline in 2015 is partly due to lack of supply says the Halifax. The average price of a property purchased by first time buyers increased by 10 per cent in 2015 from £172,563 to £190,180. The average deposit paid by a first timer rose by 13 per cent. FTBs accounted for 46 per cent of all house purchases made with a mortgage in 2015 – this share has grown from 36 per cent at the start of the housing downturn in 2007. The Halifax says most regions have benefited from the stamp duty changes announced in December 2014.
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I have just completed a house purchase, working with Louis French and the team at Streets Ahead. He kept me in touch with progress and always followed up with the vendor promptly when I had queries. He was also always nice even when I got a bit stroppy. A good experience and I'd be happy to use them again. Thanks, Louis.
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These reviews SHOULD be a guidance to help us in choosing an agent to sell or let our property. It does get slightly CHILDISH when people are using it to get back at the agent, because they lost a property for sale or rental.
I have dealt with Streets Ahead on numerous occasions which no issue at all, I recommend to all my friends regularly.
We highly recommend Streets Ahead Crystal Palace. We have recently moved into one of the properties they manage and either
(helping us to find the right place) and
(who stayed in touch during the whole process and solved any problems or doubts as soon as she could) have been very attentive and helpful, both knowing moving into a new house can be a though and a stressful decission. Definitely recommended!
I was very impressed with the service that
provided for us when purchasing Homefield road. After moving in he personally came to wish us all the very best in our new home. We also would like to thank Lee and Mary Jane for their help. From Merna and Theo
We would highly reccomend Streets Ahead Crystal Palace. Our main contact was
who was extremely helpful with arranging multiple viewings as well as communicating quickly with the landlord regarding the extra questions we had. Everything after was done extremely professionally and quickly and we are really pleased with the whole process.
I was really impressed with the communication and effort from
whilst assisting me in at a difficult time. Thoroughly recommended! Thank you.
Kai, Lee and Mary Jane have been brilliant right from the start. The whole team have been approachable, helpful and professional especially considering this is our first experience in buying property; which without their support would have been quite overwhelming! Thanks so much. Would highly recommend.
Because this is the first time that my wife and I want to buy a house, So we are very confused about many things. Lucy is very helpful to us! She answered our questions with great enthusiasm and patience from beginning to end and met our requirements one by one. I think Lucy even did a lot of extra work for us!
My wife and I are very grateful to Lucy for her help.I'm sure Lucy is the most responsible agent I've ever seen! Thanks again Lucy!
I was lucky enough to be dealt with by
. Very efficient, helpful and knew exactly what we wanted on our first viewing! We love our flat! Thank you so much Myles.
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