First Time Buyers Down
Published / Last Updated on 31/08/2010
by Ashley Clark, Director
Rightmove, the property website, has claimed that only 22% of potential buyers will be looking to actually buy a property in 2010.
This compares to 31% of potential buyers actually looking to buy in 2009.
We suggest this lack of committed buyer is down to the lack of availability of mortgages as lenders require larger deposits.
This means prospective buyers at the bottom of the ladder are needing more time to save for a larger deposit which also has a knock effect is felt in the next band of homeowners looking to sell to move up to larger properties.
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