According to Financial Adviser new data has revealed that sales to first-time buyers reached their highest point in February since September 2014.

They have said that according to the National Association of Estate Agents, 30% of house sales in February were down to first-time buyers. Data has shown that First-time buyers have not reached higher than 30% since records had began in 2009.

Data in February also showed that the demand for property is up, with 366 people looking for houses registered per NAEA member branch , up from 353 in January.

With the supply marginally down from 44 houses per branch to 43 in February, there is still a significantly higher demand than supply of housing.

According to Financial Adviser the total number of sales that have been agreed in February remained the same as previous months, with eight house sales going through per NAEA member branch.

 

Source: http://www.ftadviser.com/2015/03/30/mortgages/mortgage-data/first-time-buyer-fortunes-improve-in-february-iqA2afATrru8wUq0VhYXgM/article.html    30/03/2015