How first time buyers could benefit from weak house price growth
The number of first-time buyers in the property market is approaching levels seen before the financial crisis even as house prices stall.
New homeowners are capitalising in a buyer's market, with April marking the fifth consecutive month that annual property inflation across the UK was less than 1 per cent, Nationwide's latest House Price Index revealed today.
Since this time last year average property prices across the UK have increased by just £1,920, or 0.9 per cent, to £214,920.
Jonathan Hopper, managing director of Garrington Property Finders, said: 'At a national level, house prices have made stagnation into an art form.'
House prices rose 0.4 per cent in April, Nationwide said, although this figure is seasonally-adjusted, without which the £1,818 monthly ga...