Third of property sales involve first time buyers

By Lauren Burns

A new report suggests that nearly a third of house sale transactions in Northern Ireland and the rest of the UK involve first time buyers.

According to the new report by the National Association of Estate Agents (NAEA), 30 per cent of properties sold in the UK in February went to first time buyers - the highest percentage since September 2014. The report also provides some insight into the gap in demand and supply in the UK property market, suggesting that there are over 8 times as many new house hunters as there are new houses on the market each month - estate agents listed on average 43 new properties each in February, while receiving on average 355 registrations from house hunters.

If you are buying, selling or remortgaging a house in Northern Ireland and want to speak to a property conveyancing solicitor, contact Wilson Nesbitt in Belfast by calling 0800 840 9290.

Alternatively, you can submit your details for a callback by clicking here.