Home sales to first-time buyers continue to decline,
according to the latest market report. This is in spite of an increase in the
housing supply in July and the number of house hunters reaching its highest
point in 11 years. The number of first-time buyers entering the market fell
from 29% of all sales being made in May to just 23% in July, according to a
National Association of Estate Agents (NAEA) July Housing Market Report.
Throughout the UK the average price for a home rose £3,000 in value in June,
bringing the average total to £277,000 from £274,000 where it stood in May. The
government data also show that in June 2015, on average, first-time buyers were
paying 5.1% more than they were just a year before. Read more on Yahoo News.
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