First Time Buyers Decrease By One Third In The Final Quarter Of 2006

[Converted Lurker]

First time buyers

Overall 2006 saw a more hospitable market for the first time buyer who has consistently increased their market share from levels reported throughout 2005. This increase is indicative of a return of confidence in the market, undoubtedly helped by interest rates remaining at a level for most of 2006. However, the number of first time buyers decreased to 10.4% in December from 13.4% in November and from 16.4% in October. The hike in interest rates in November is almost certainly attributable to the decrease, as affordability continues to be a very real issue for this sector of the market

First time buyers once again improved their market share in December compared to December 2005. This improvement from levels reported in 2005 is a continuing trend that has been reported by the survey for the last eight consecutive months.

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

[OnlyMe]

-1.6% by April then!

Oct 16.4%

Nov 13.4%

Dec 10.4%

[camem']

-1.6% by April then!

Does that mean we get paid to accept houses ?

[OnlyMe]

Does that mean we get paid to accept houses ?

Or FTB's falling off the housing "ladder" and breaking their financial necks.

[Converted Lurker]

Or FTB's falling off the housing "ladder" and breaking their financial necks.

minus 1.6 percent priceless, might just use that Mike www.norung.co.uk

[bomberbrown]

Oh dear. Are you just gonna copy and paste the same rant on every thread today?

[enworb]

First time buyers

Overall 2006 saw a more hospitable market for the first time buyer who has consistently increased their market share from levels reported throughout 2005. This increase is indicative of a return of confidence in the market, undoubtedly helped by interest rates remaining at a level for most of 2006. However, the number of first time buyers decreased to 10.4% in December from 13.4% in November and from 16.4% in October. The hike in interest rates in November is almost certainly attributable to the decrease, as affordability continues to be a very real issue for this sector of the market

First time buyers once again improved their market share in December compared to December 2005. This improvement from levels reported in 2005 is a continuing trend that has been reported by the survey for the last eight consecutive months.

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

I'm almost certain that if you used a random postcode in the land registry database, the trend would be a decline from October to December.

Possible more so than your figures.