Sunday, Oct 22, 2006

FTBs a hot topic in the media this week as usual

Firstrung: Firstrung, first time buyers - the week in focus 22/10/06

Another interesting week for first time buyers? We'll let you be the judge of that statement. What is undeniable is that the subject of first time buyers has never been hotter. This weeks hot topics: At least 300,000 homes empty for over six months, the majority suitable for first time buyer occupation after refurbishment. Rightmove reporting asking prices up 2% in a month, 0.2% over the past quarter. Halifax report, suggesting Rightmove's conclusion that Chelsea and Kensington prices have risen by 66%, debunked by superior data from Halifax suggesting the rise is in fact only 2% YoY. Firstrung condemns the CML stats on first time buyers, they admit they simply 'create figures'. Northern Ireland prices explode over past year by up to 33%. Co-buying, if you can't afford a house why buy a quarter of something you can't afford? Industry warning over "insane" FTB salary multiples

Posted by converted lurker @ 02:11 AM (485 views)
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