Wednesday, February 11, 2009
The Bulls are back in the capital
The number of first-time buyers (FTB) in London increased significantly in January, as property prices start to stabilise. According to estate agency Kinleigh Folkard & Hayward, buyer registrations were at their highest level last month since Spring 2008, with over 35 per cent of them coming from FTBs. Lee Watts, managing director of Kinleigh, said: "We have seen a sharp increase in the level of new buyer registrations during the first month of 2009, and even more encouragingly a significant week-on-week increase in the percentage of first-time buyers.