Product Guides
Personal Finance News
What our customers say..." Presentation of both newsletters and product updates well laid out and easy to read."
Flats and studios in demand from first-time buyers
Flats and studios are in particular demand from first-time buyers looking to get their first mortgage and onto the housing ladder, it has been noted.
According to Jane Marr, company director at the Little House Company, an advertising service for private property sellers, flats and studio apartments could also be in demand from investors who are "not keen to overstretch themselves".
"It is this type of first-time buyer properties that we all need to [see] start moving to help breath life back into the housing market," Ms Marr explained.
"Starter homes will also be in demand as pent-up demand from those wanting to move on from their flats builds."
Indeed, HSBC stated last week that 78 per cent of people who have never bought a home before aspire to one day be homeowners.
However, just 19 per cent of aspiring homeowners actually expect to purchase a property in the next five years.
Copyright
According to Jane Marr, company director at the Little House Company, an advertising service for private property sellers, flats and studio apartments could also be in demand from investors who are "not keen to overstretch themselves".
"It is this type of first-time buyer properties that we all need to [see] start moving to help breath life back into the housing market," Ms Marr explained.
"Starter homes will also be in demand as pent-up demand from those wanting to move on from their flats builds."
Indeed, HSBC stated last week that 78 per cent of people who have never bought a home before aspire to one day be homeowners.
However, just 19 per cent of aspiring homeowners actually expect to purchase a property in the next five years.
Copyright
Published: 05/04/2011
The information in this article was correct at the time of publication and contains time sensitive data and links, it may not be accurate at the time of reading.