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Possibility of Drop in House Prices Increases First-Time Buyers

A research released on Monday showed that the decline in the hose prices have attracted a lot many fresh or first-time buyers to the property market.

 

Thesurveywas conducted by property website Rightmove. It concluded that those who willbuy propertyin 2011, about 26% of them consist offirst time buyers. The figure is up by 4% than in July. The slight increase in the fresh buyers has been contributed by the likelihood that the house prices will drop in the coming year. One-third of thefirst time buyersare of the view that the prices of property will decline in 2011, as compared to the present era.

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