Help needed for FTB in UK
During the month of March higher numbers of first time buyers took the first step on the UK property ladder as they rushed to take advantage of the stamp duty holiday.
According to figures supplied by the National Association of Estate Agents (NAEA) the number of FTB’s reached a ten month high during last month prior to the end of the tax benefit offered by the government.
Despite strong support from the residential real estate industry for further incentives for new buyers the present government failed to recognise the need to help this sector of potential buyers and experts believe the amount of first time buyers will once again diminish in the coming months.
The monthly housing report produced by the NAEA also showed a slight increase in the amount of people looking to buy a new home when compared to the previous month but agents noticed a fall in the amount of registered sellers which suggests a lack of confidence among some UK property owners.