Market offers FTBs many opportunities

Posted: 26 Feb 2008 11:13:41 GMT

The current housing market conditions favour first-time buyers (FTBs) and present huge opportunities.

The current housing market conditions favour first-time buyers (FTBs) and present huge opportunities.

That is according to Smart New Homes, which said that the average UK house price could begin to rise as early as March.

It follows a few months of negative movement in the housing market, which the firm points out has made many properties more affordable for FTBs.

David Bexon, managing director of Smart New Homes, said: "Despite a slow start to the year, new home prices are likely to pick up over the coming months, as buyer confidence returns, fuelled in part by a series of further interest rate cuts which I would expect to see commencing as early as March."

"However, the current dip in prices across the new homes market makes now an excellent time to buy.

"With average prices in some regions such as the north and the north west currently lower than they were a year ago, buyers prepared to move quickly could secure an excellent deal before the spring," he continued.

Prices stabilised between December and January, according to the latest figures from Halifax.

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