Buyers Flood Back To The Property Market

DiggerUK

ess0two wrote: »

Fukn ell bit strong,a death of any child regardless of origin/race is un-warranted.

So what are you saying.

That Iraqi children weren't slaughtered in Bliar's war, whilst everybody got sucked into the boom ?

If the point I was making went over your head, then don't waste your money going to see BRUNO.

Or are you just teasing me, you naughty person.

IveSeenTheLight

StevieJ wrote: »

One for AD, I know he loves this kind of green shoot news

Four househunters chased every property for sale in the UK during May, new research shows.
The National Association of Estate Agents (NAEA) says estate agents had an average 299 househunters registered with them during May, the highest level since September 2007.
And interest from potential buyers translated into sales during the month, with estate agents selling an average of 10.4 homes each.
The figures represent the highest level since October 2007, and the fifth consecutive monthly rise.

http://uk.biz.yahoo.com/090618/140/impei.html

Can't believe you didn't quote the following interesting paragraph: -

In a further positive sign, the proportion of homes sold to first-time buyers soared to 43%, nearly double the one in four homes that were sold to this group during the four months to April, and a level last seen in September 2001.

Generali

IveSeenTheLight wrote: »

Can't believe you didn't quote the following interesting paragraph: -

In a further positive sign, the proportion of homes sold to first-time buyers soared to 43%, nearly double the one in four homes that were sold to this group during the four months to April, and a level last seen in September 2001.

What is unclear is whether the number of FTBs is rising or whether the number is staying the same but rising as a proportion of total sales as movers and investors stop buying.

Thrugelmir

Generali wrote: »

What is unclear is whether the number of FTBs is rising or whether the number is staying the same but rising as a proportion of total sales as movers and investors stop buying.

In April 2009 the actual number of FTB's was the highest number since 2004. A fair reflection on what's driven the property market in the intervening period.

Though does being a FTB include someone who is currently renting after previously exiting the market?

Generali

Thrugelmir wrote: »

In April 2009 the actual number of FTB's was the highest number since 2004. A fair reflection on what's driven the property market in the intervening period.

Though does being a FTB include someone who is currently renting after previously exiting the market?

Yes. In the UK an FTB is someone who hasn't owned a property in the past (I think) 6 months.

In Australia it's someone who qualifies for the First Home Owners Grant which excludes anyone who has been married to someone who got a grant (even if that was prior to them getting married).

So in the UK you can be a first time buyer even if you're an 80 year old who's owned a house since you were 18 if you sold up and spent 6 months living in a rented place and in Aus you are not an FTB if you are an 18 y/o who was married for a day to someone who owned a house and sold it again long before you met them!