First time buyers on the decline?

By Ian Harris, chairman of the Norfolk branch of the NAEA and an agent with Watsons in Norwich.

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The latest NAEA Property Market Survey says there are shrinking numbers of First Time Buyers in the market place; in fact at their lowest level since Dec 2008. In my opinion, large deposits and application fees are the main reasons for this but the removal of the stamp duty holiday has not helped. Fortunately, in Norfolk, there is a plentiful supply of houses and apartments, ideal for first timers, priced beneath the Stamp Duty Threshold of £125,000, meaning that most first timers will

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still pay NO STAMP DUTY!

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