Due to rising levels of affordability, first-time buyers (FTBs) in the UK are increasingly able to invest in new homes, it has been suggested.
According to Helen Adams, managing director of FirstRungNow, this is a positive development for the country's economy.
Her comments were made in the wake of the release of figures from Halifax, which showed that nearly four out of ten local authority areas in the UK can now offer affordable first-time housing for average earning people, compared with a ratio of six per cent two years ago.
Ms Adams remarked: "It is great to see that prices are more accessible."
She went on to recommend that the government abolished stamp duty for FTBs, saying it represents a "significant expense" at the time that people are trying to buy a home.
People seeking properties who want to get out of paying stamp duty may wish to consider investing in houses being offered by Persimmon Homes in its Newlands development.
The firm is offering consumers the chance to avoid the tax until February 28th.
See Also: Property News (6699)
Date Published: 06 January 2010
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