First-time buyers best to buy in the north

People seeking to buy their first home will find they are better able to get enter the market in the north of the country, an expert has said.

Richard Horner, northern south sector regional executive for the National Association of Estate Agents, explained that jobs will inform people's decision of where to live.

He indicated that people need to be sure they can relocate to a good job before seeking property advice elsewhere in the country.

However, Mr Horner suggested that "they will have a far better chance of being able to afford a property in the north than they will in the south", which may determine where the go in search of employment.

Figures from the Council of Mortgage Lenders recently showed that between March and April, lending to first-time buyers increased by eight per cent.

A year-on-year improvement was also seen in the market, showing positive signs for those attempting to get on the property ladder.

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Published on: June 20, 2011

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