First-Time Homebuyers in UK Return After Prices Decline Rightmove Says

Published by Bloomberg
on Monday, November 8th, 2010
The number of Britons planning to buy a home for the first time has increased as the prospect of falling prices bolsters demand, Rightmove Plc said.

The proportion of people who intend to buy a home in the coming 12 months and who will be making their first purchase rose to 26 percent, Rightmove said in an e-mailed statement in London today, citing an October survey. That compares with 22 percent found in a study conducted in July, said the operator of Britain’s biggest property website.

U.K. house prices have declined …

Tags: first-time buyer, intend to buy, price falling, property, Rightmove

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