First Time Buyers Boost UK Housing Market Activity

The UK housing market has reported healthy growth in March, on the back of a surge in first time buyer activity, new research shows. There has been a lot of talk about buy to let buyers flooding the market to beat Aprils extra stamp duty deadline, but the latest figures from Connells Survey & Valuation show that first time buyer activity in March jumped 15% compared to March 2015 and 41% compared to February 2016.In March, the total number of valuations carried out rose 8% year on year and grew by 21% month on month and this was primarily due to the first time buyer sector posting strong monthly and annual growth figures. Indeed the figures show that there was a dip in buy to let activity in March. Read more on the Property Wire website.