The falling number of
Paul Holmes, operations director at the firm, explained that the reduction of cheap and easily obtainable credit will eventually force house prices down.
Claiming the problems with the
“If first-time buyers think they’ve got a bargain, then fine, buy it,” he said. “If not, they’ve waited this long so where’s the harm in sitting out the market a little bit longer and watching as this drama unfolds.”
A particular opportunity for first-time buyers is house builders who have over-developed and seeking buyers quickly, Mr Holmes added.
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