Should First Time Buyers Get on the Property Ladder Now? Is it Time?
The initial suggestions that the real estate market is about to improve are all too present. Current feedback, quoted from the National Association of Estate Agents [NAEA], suggested that the typical estate agency successfully marketed eight homes this month as opposed to scarcely five during the same month in 2008. Worthy of note is that 1/3 of these purchasers are made up of those purchasing for the first time, a significant increase from twenty two percent in July 2009 as well as slightly less than 8% in August 2008. Should a first time buyer get on the property ladder now? For sure, belief in the real estate marketplace is rising, with over 3/4 of individuals firmly positive that british home fee’s will not decrease any more over the following 12 months. Property fee’s do look to be steadying (A leading property broker recently indicated that home purchase fee’s grew for the 4th month, in a row, in in August) and rates of interest are still quite low. And level of payments have not
