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Window of opportunity for first-time buyers in new year

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Mon 16 Jan 2017

Window of opportunity for first-time buyers in new year

Window of opportunity for first-time buyers in new year

•Steady start to 2017 with 0.4% (+£1,086) rise in the price of property coming to market, very similar to the 0.5% rise recorded in January 2016

•Encouraging early signs of home-mover activity, with visits1 to Rightmove since Boxing Day up by 5% even when compared to last year’s buy-to-let surge

•Window of opportunity for first-time buyers this new year with more choice and negotiating power:

•Available stock for sale of two beds or fewer currently up 1.9% versus previous year

•Fewer buy-to-let investors to compete against and sellers more open to lower offers as sales agreed in this sector down 13.2% in December 2016 compared to previous year

- Miles Shipside, Rightmove