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First time buyers return to market

House price falls are tempting first-time buyers back to the property market, research has indicated.

 

Around 26% of people who hope to buy their first property during the coming year are first-time buyers, up from a low of 22% in July, according to property website Rightmove.

 

The group said the small increase in the number of first-time buyers who thought they would be able to get on to the property ladder coincided with a rise in the number of people who think house prices will fall during the coming year.

 

A third of first-time buyers now expect the cost of property to be lower in 12 months' time than it is now, up from only a fifth who felt this way during the previous quarter.

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