Monday, Aug 30, 2010
'Sharp fall' in first time buyers
BBC news: 'Sharp fall' in first time buyers
The number of people trying to purchase their first home has fallen sharply in the past year, a report suggests.
Posted by grazinho @ 12:52 AM (1124 views) Add Comment
9 Comments
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1. Cusinvinnie said...
@BBC: No kidding Einstein!
2. Notyethomeless said...
"73% [of first time buyers] thought prices would stay the same or rise in the next year."
In other news, 88% of Catholics thought God "probably exists".
Talk about a self-selected cohort! What do the people who're not first time buyers think? I'd imagine they have a different view.
3. paul said...
Mortgage availability and deposit sizes most concerned would-be buyers.
You can imagine what's on the questionnaire:
Which of the following presents the most significant impedement to buying your first house?
a) Mortgage availability
b) Deposit size
c) Lack of supply
d) Interest rate rises
There is no option
e) House prices too high
of course!!
4. Chriswov said...
I think would be FTB's should be shown the chart(anyone know where it is?) which represents the real cost of a house based on the value of the plot at agricultural food growing value plus the infrastructure cost and the actual cost of building the house. The price they are being asked to pay is then about double. That may be food for thought for them.
5. sneaker said...
It was only Italy's one-off tax amnesty that held the market up for the last year.
Now that's over, timbeeeeeer!
6. icarus said...
"The lack of new buyers was causing problems for existing homeowners looking to sell property". = "The market has hit the classic Ponzi wall".
7. tenyearstogetmymoneyback said...
paul
I was expecting e) to be "All of the above"
Of course you could have added "Existing debts including student loans" and a few others.
8. Blackers said...
Fewer expressed concern about house price falls, with 73% saying they thought house prices would be unchanged or higher in a year's time and only 20% of first-time buyers thinking house prices were set to fall. This was up from 13% three months ago.
......Is this BBC spin again? How can fewer have expresssed concern if 20% of 1st time buyers compared to 13% previously, now think prices are set to fall?
9. mr g said...
"'Sharp fall' in first time buyers"
Well, who'd have thought it. (Irony)