Aspiring first time buyers believe house prices are back on the up

Julian Harris
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THE number of aspiring first time buyers is at its highest for a year as people increasingly expect house prices to recover.

One in three respondents expect house prices to increase, according to a Rightmove survey.

At the beginning of the year, just over one in five prospective buyers expected house prices to lift.

Yet many prospective buyers may still be kept off the property ladder, with 44 per cent citing difficulties in raising a deposit as their main concern.

Over one in ten (11 per cent) still fear being unable to keep up monthly mortgage repayments.

Demand from first time buyers is at a peak in the capital, where 42 per cent of people expecting to buy a property in the next year would be making their first purchase – considerably above the national average.

“Encouragingly, our survey found that just under 40 per cent of prospective first-time buyers stated they would be more likely to buy a new build property as a result of the government’s FirstBuy scheme,” said Rightmove director Miles Shipside.