First-Time Buyers Shrug Off Brexit Uncertainty

First-time purchasers accounted for a third (32 per cent) of all property sales in October, a 9 per cent increase on September and the highest figure since records began in 2000, according to the National Association of Estate Agents' (NAEA) latest Housing Market report. The last time sales to first-time buyers were this high was October last year, when they accounted for 31 per cent of sales. Demand for housing also rose, while the supply of available housing hit its highest level since March this year. Estate agents reported an average of 43 properties available per branch, an increase of 7.5 per cent on September and the largest figure seen this year. Read more on the FT Adviser website.