🏠 The number of property valuations for first-time buyers has risen in all areas of the UK except for London, according to the latest data released this week by UK Finance.
📈 The largest increases in first-time buyer valuations were in the north of the country, where over 43% of first-time valuations are for properties priced less than £125,000. The North East leads the way with an increase of 3.8%, followed by the North West with 3.3%.
📉 First-time buyers are currently facing less competition for a property from buy-to-let investors. In the first nine months of 2018 buy-to-let mortgage approvals across the UK have fallen by 13.5% compared to the same period a year ago.
💰 So if you’re trying to sell your property, and First Time buyers, maybe your target audience, the question is, how are you or your agent, marketing the property which will attract more first time buyers?
💻 FREE ONLINE VALUATION: https://valuation.coventrypropertymarket.co.uk/
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