Qualified advisers answering your
Financial Questions
call 0800 092 1245

Slowing market offers opportunities for first-time buyers

The slowing property market may offer the perfect opportunity for first-time buyers to invest, according to First Rung Now who offer advice to first time buyers.Nationwide have reported that there are now "clearer signs" that demand in the property market has slowed, and its most recent house price survey showed that annual house price inflation had dropped to 9.6 per cent this month, down from 9.9 per cent in July, its lowest level since March.Helen Adams, managing director of the company, said that if property prices hold, it could be a good time for buyers entering the market.She warned however, that first-time buyers must be realistic about in their expectations of what they can afford and how buying a house will affect their lives. Despite the slowing of the market, the typical price of a house in the UK is still a hefty £183,898, £16,177 more than last year.Ms Adams said: "Their expectations are very high. "They might expect to be able to buy a really nice house in a really nice area but the fact is that you have to start at the bottom of the property ladder and not have the ideal location or their ideal property."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details