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Property hunters 'not missing out on good deals'
Posted by Helen Jones
Prospective first-time buyers who cannot currently afford to purchase a home have been assured they are not missing out on a strong market.
According to Paul Holmes, chief executive officer at Firstrung, there is a distinct lack of attractively priced property available in the UK in the aftermath of the global economic downturn.
And with this in mind, Mr Holmes has suggested people should not panic about not being able to access sufficient funds to take their first step on to the country's property ladder.
He noted that the only way consumers can get themselves a good deal at the moment is through finding a "complete bargain at auction that no one wants to buy".
The expert attributed this trend primarily to the fact that the majority of sellers are taking a "stubborn" and "greedy" stance towards pricing.
Recently, Clydesdale and Yorkshire Banks revealed that 84 per cent of first-time buyers have to rely on financial assistance from their parents.
02/06/2011 15:16
News category: Property