The European Central Bank (ECB) gave first-time buyers an enticing carrot to attract them back to the property market this year. An historically low interest rate environment, coupled with considerable drops in house prices, saw first-time buyers take the plunge more than any other type of home buyer in 2009.
In May, the ECB cut eurozone interest rates to a record low of 1 per cent. This marked the sixth consecutive rate cut by the bank,...
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