Most potential first-time buyers think now is a good time to buy. Around 57 per cent of people hoping to get on to the property ladder said they thought house prices would either stay the same or increase during the coming 12 months, while 69 per cent thought now was a good time to buy.
One in five first-time buyers even said they thought it would be more difficult to buy their first home in a year's time, viewing the current market as a window of opportunity for people with a substantial deposit, according to Rightmove.
Miles Shipside of Rightmove said: "It's a clear sign that the mood is swinging from negative to positive when first-time buyers are looking to re-enter the market. Canny investors have been snapping up some bargains, and now first-time buyers reckon prices are reaching a floor too.
"Some will be frustrated by the size of deposit that lenders are demanding to get the best mortgage deals, however."
Information supplied by Globespan Media
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