Day: 14 November 2016

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Rightmove report on house price movements

  • Price of property coming to market records a seasonal fall of 1.1% (-£3,452) this month, a smaller drop than the 1.8% average over the last six years showing signs of a resilient market
  • Despite the overall seasonal fall, first-time buyers see properties of two beds or fewer rise by 1.7% this month, resulting in an annual jump of nearly £15,000 (+8.2%) which is twice the percentage rate in other market sectors
  • Those living with parents or aged between 21 to 24 are most likely to shun attempting to get on the housing ladder according to new research
  • With the average first-time buyer age being 33, will the Autumn statement deliver any help to get more and younger first-time buyers onto the property ladder?