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First time buyer activity expected to increase

Two out of three first time buyers say they intend to buy a property in the next year according to a new survey by leading Irish property website MyHome.ie.

This figure is up from 57% last Autumn while the number who do not intend purchasing has halved from 12.5% to 6.3%.

The majority of first time buyers expect to make the purchase in a 6 to 12 month timeframe while a similar number, 58%, expect house prices to fall slightly in the next twelve months.

Seventy eight per cent of first time buyers now have the funds required to pay a deposit, up 20% from last September.

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