New buyers 'should take advantage of market'New buyers 'should take advantage of market'
First-time buyers should strike while the iron is hot and take advantage of the property market, it has been reported.
According to Firstrung, new buyers should not focus their attention on current property prices but rather consider where prices will stand in the coming year.
In doing so, first-time buyers can make an offer based on a future value and this could lead them to a bargain purchase.
The Royal Institution of Chartered Surveyors recently reported on the problems faced by those entering the housing market for the first time.
However, Paul Holmes, chief executive officer of Firstrung said that removing stamp duty for this group was not the solution.
"To try and monitor a situation where only a specific group of buyers doesn't get charged stamp duty would be a nightmare," he said.
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