FTBs can benefit by buying now

Now may be a good time for first-time buyers (FTBs) to enter the UK property market.

That is according to Miller Homes, which said that new buyers can benefit from the fact that fewer people are currently buying properties.

In addition, prices have fallen in recent months, meaning that some people will be able to bag themselves a bargain.

"People may think it is currently not a good time to buy, but when prices are at their lowest and good incentives are offered it is the perfect time to move home," commented Carolyn Walsh from Miller Homes.

"Unless you are downsizing, you never really benefit from the equity in your home, as higher prices apply to the house you are buying as well as selling.

"It is so easy to forget that the property market has proven to be the best investment in recent years. House prices have risen consistently," she added.

Recent figures from Nationwide revealed that house prices fell by 0.5 per cent in December.

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