First time buyer stats hit two year low

Figures from the NAEA reveal sales remained sluggish as the market sees fewer buyers overall due to low consumer confidence. An NAEA report says the current economic climate, along with tight credit availability, has put off many first time buyers. It shows the percentage of first time buyers in the market fell to 8.3% in March, the lowest proportion seen since 7.9% was reported in April 2006. Stewart Lilly, president of the NAEA, comments: “There are indications that first time buyers have dropped their market share once again showing a ‘wait and see’ attitude has been adopted. “O...