First-time options are improving

Affordability has improved, property prices have fallen and interest rates have been cut again. But is it the right time for first-time buyers to start looking for a home, or have prices further to fall?

7th March, 2009

A property market battle has intensified over the last few weeks, with developers making further drastic price cuts and the banks offering mortgage packages aimed specifically at first-time buyers.

The entire property market and, in particular, the first-time buyer sector has been in the doldrums for many months now. The last major flurry of activity at the lower end of the market occurred at the start of 2008,whenpriceswere cut on a number of new homes...

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