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Property market: quarter of house buyers are first-timers

The Telegraph
Analysts fear the fragile housing market could be disrupted next month when the stamp duty holiday comes to an end

Analysts fear the fragile housing market could be disrupted next month when the stamp duty holiday comes to an end


The first-time buyer proportion of the housing market has reached an eight-month high as people rush to make the most of a stamp duty holiday before it runs out, estate agents have said.



Some 23pc of sales in January were to first-time buyers, up from 21pc in December and the third monthly rise in a row, the National Association of Estate Agents (NAEA) said.

The uplift in first-time buyer sales is the highest percentage since May last year, and comes after this sector of the market slumped to a three-year low last autumn, as those struggling to raise a deposit remained trapped in the rental sector.

Analysts fear the fragile housing market could be disrupted further next month when the two-year holiday on stamp duty, which raises the threshold for first-time buyers from £125,000 to £250,000, comes to an end.


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