First home buyers in rush to buy
09/03/09 04:45 PM
Low rates
and low property prices are spurring three out of
four prospective first homebuyers to enter the
property market before 2010, according to the
latest Mortgage Choice First Homebuyers Survey
Of the 1,012 respondents who took part in the survey, 76% said they planned to enter the property market, compared to 40% when the same survey was conducted six months ago (July 2008).
The nationwide survey also found that the number of first homebuyers planning to make financial sacrifices in order to purchase their first home has fallen by over 22% to 71%, which suggest they are in a better position to buy.
Full Story
By Larry Schlesinger
Of the 1,012 respondents who took part in the survey, 76% said they planned to enter the property market, compared to 40% when the same survey was conducted six months ago (July 2008).
The nationwide survey also found that the number of first homebuyers planning to make financial sacrifices in order to purchase their first home has fallen by over 22% to 71%, which suggest they are in a better position to buy.
Full Story
By Larry Schlesinger