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Friday, 18 February 2011

First time buyers is only 1 in 4

Yep.  It ain't good.  The U.K. need 40% of the housing market to be First time buyers in order to be considered healthy.  http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2026321/-buyer-levels-drop-23

If it is less than 25% this could put a stall to all home movers and a slower recovery to the economy.

Remember when people buy a house they also buy all kinds of goods and services related to that purchase which in turn helps business across the board.

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