Firstrung: Housing market getting better for first-time buyers
Brits investing in a bespoke conservatory to help make their home stand out on the housing market may be interested to hear the latest comments from Firstrung.
The firm has noted how a reduction in property prices has been welcomed by first-time buyers.
Zoopla.co.uk figures show that 32 per cent of properties on the market in the UK have had their asking price reduced at least once.
However, chief executive Paul Holmes pointed out that while it was the beginning of good news, there is still some way to go before most new buyers can access the market.
He explained that the coalition government has made cuts that could have a dramatic effect on the property market.
"We have to remember that the Con-Dem government has suggested that up to 600,000 civil servants will lose their job over the next 12 months," Mr Holmes said.
The expert suggested that this could represent 600,000 potential homeowners that may have to re-think their plans.
While some could be put off buying a house, others could be forced to sell, which may make the property market more competitive, vindicating the decisions of those who have invested in home improvements.
Posted by David Waxman
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