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First time buyers driving hard bargains

First time buyers are driving an increasingly hard bargain with sellers, according to new figures from an independent finance site. In a poll conducted by, the average price which first time buyers are now prepared to pay for their first home stands at £170,559. This represents a dramatic decline from December last year, when the sum they would be prepared to pay was 10.25 per cent higher at £190,040. Robin Amlot, senior editor of, said that the figures are indicative of the way that first time buyers increasing reluctance to overpay for property is driving down prices. He commented: "While it may be getting tougher to get a mortgage now, it would appear that those first time buyers who are in a position to buy are driving much harder bargains with sellers."Housing is very definitely a buyers' market now rather than the sellers' market that existing homeowners had become used to."

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