New hotspots for first-time buyers

In many cases first-time buyers haven’t been able to come up with the down payment that lenders have demanded. Viewed in that light fannie mae’s recent announcement of a new loan program, specifically.

Johannesburg’s Westdene a hotspot for first-time buyers: Character-filled Westdene in Johannesburg, with homes from R950k, is attracting first-time buyers seeking value, space and proximity to amenities.. Growing appetite for new developments and estate living in Hout Bay.

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Research compiled by Inspired Homes reveals London’s new-build hotspots for homes in reach of first-time buyers. Selecting over 100 postcodes in Greater London and only new-build properties under the 600,000 Help to Buy threshold, the research identifies the areas in greatest demand by looking at the time properties typically take to sell and ranks them on affordability.

First-time-buyers in their twenties spend an average of 316,000 on their home. Those in their thirties spend 380,000. New research from estate agents Bairstow Eves and Countrywide shows the difference a decade can make when it comes to entering London’s property market.

The market share pursuit comes as first-time buyers begin to re-emerge in popular real estate hotspots such as Melbourne and Sydney. particularly as household debt continues to hit new record highs.

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Northern Suburbs a hotspot for Cape Town’s first-time buyers: New developments in Cape Town’s northern suburbs offer all the advantages of ‘new urban’ living, but at a much lower cost with apartments from under R1m.

Latest First-time buyers news from the London Evening Standard.. Barking’s 2bn plan sees new first-time buyer flats go on sale.. East London Crossrail hotspot where flats cost an average.

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Georgina Cox, the No rth West representative for NAEA Propertymark, said overseas investors are snapping up the many new high-rise developments springing up in manchester city centre, putting them out of reach of first-time buyers. Georgina said: ‘The hotspots for first-time buyers are the outskirts of Manchester and Liverpool.

according to a new study by personal finance website WalletHub that ranked the Magic City the 10th worst city for first-time.