The First Time Buyers Conundrum

So we are all agreed that to have a thriving housing market we need to be able to provide a constant flow of lower cost properties for first time buyers, allowing them to get onto the housing ladder.

The problem is, and to a certain extent always has been that those properties have a habit of gaining value. They keep doing that to the point that they become unaffordable for first time buyers, closing down the flow within the market of buyers moving up the ladder to more expensive homes.

One of the issues is that these starter homes need to increase in value in order for the owner to be able to afford to move, but by Continue reading →