Huge Increase In First Time Buyers

The Housing Market Report for August has just been issued by Property Mark and shows that with increasing demand, 37 per cent of properties sold above the original asking price, a staggering 185 per cent increase year on year, from August 2020.

Estate Agents who contributed to the survey were pleased to report a greater proportion of transactions with First Time Buyers, in total 28 per cent in August across the UK. This is closer to the level of First Time Buyer activity seen two months previously, and significantly up from July’s figure of 20 per cent. Compared with previous activity in August 2021 saw the most First Time Buyers collect keys since 2016.

You can read the whole report here