First time buyers buy bigger
23 November 2009
First time buyers are buying bigger in property slump Britain says buying agent Tracy Kellett of BDI Home Finders.
“Those first time buyers with substantial deposits are finding that their first foot on the property ladder is many rungs higher than they expected.
“Although the credit crunch is removing new buyers without access to a sizeable deposit from the market, the more cash rich first time buyer is really benefiting from current conditions.
Central London
“Your young city type, with a substantial deposit and over £1million to spend on their first property in central London, is doing really well at the moment.
“Whereas a year or so ago they may have been looking at just a two bed apartment, they are finding their money is now stretching to a further bedroom”.
For more information about BDI Home Finders please call us on 0845 603 6110 or contact us by email.
