First-Time Buyers 'Driving' Housing Market

The proportion of first-time buyers snapping up homes has overtaken the number of existing home-owners moving house for the first time since 1995, analysis has found. Across the UK there were 170,000 home-movers in the first half of 2018 compared with 175,500 first-time buyers, according to the Lloyds Bank Homemover Review, which only looked at properties bought with a mortgage. It was the first six-month period when the proportion of first-time buyers had been higher than home-movers since the first half of 1995. Moving costs, a lack of suitable properties and potential interest rate rises may be weighing on home-owners' minds when deciding whether or not to move, the report suggested. Read more on the AOL website.

https://www.aol.co.uk/news/2018/07/19/first-time-buyers-driving-housing-market-as-they-overtake-home/?guccounter=2