First-time buyers 'boosted by property slowdown'
29 October 2007
First-time buyers are likely to receive a welcome boost from the property slowdown which has begun to grip the UK housing market.
The National Association of Estate Agents (NAEA) has reported a glut of one and two bedroom properties currently surfacing on the housing market.
With smaller properties often fitting the bill for first-time buyers, the NAEA has stated that first-timers could pick up a bargain with the right research and approach.
Prospective buyers have been encouraged to capitalise on oversupply by attempting to negotiate a lower price on properties.
A spokesperson for the NAEA highlighted: "With the current oversupply of one and two bedroom properties there is more choice at the lower end of the market, which can potentially be taken advantage of over the coming months."
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