First-time apartment purchases have gone up more in Iceland since 2009 than any other kinds of purchase, RÚV reports. The percentage of first-time home buyers during the first quarter of this year was 27.7%, up dramatically from 7.5% in 2009. These were among the findings in the monthly report published by the Housing Finance Fund (HFF). Statistical information on first-time apartment purchases is only available as far back as the second half of 2008. Based on the data from the available time period, however, the percentage of first-time home purchases has never been so high. The highest percentage of first-time buyers were found to be in East Iceland, where 32% of all of the home purchases so far this year were made by individuals who had never owned a home before. Next was the Suðurnes peninsula in Southwest Iceland, at 31%. South Iceland and Northeast Iceland were tied for third place at 28%. Twenty-seven percent of all home purchases were made by first-time buyers in both … [Read more...] about First-Time Home Buys at a Ten-Year High
Kentucky first time home buyer
House prices for first time buyers in Liverpool are on the rise
House prices for first time buyers in Liverpool are rising at one of the fastest rates in the country. In Liverpool, the average price for first time buyers reached £118,314 in April this year - up by nearly 8% from £109,969 in April 2018. It’s an increase of more than £8,000 in a single year, and means people buying for the first time in the city will now need to have a deposit of nearly £12,000 (assuming a 10 per cent deposit), and pay around £560 a month on a 25-year mortgage. The rise in Liverpool is one of the biggest seen anywhere in Britain, and means house prices are rising eight times faster for first time buyers in the city than they are across the country as a whole. Nationally, the average price for first time buyers came to £192,559 this April, just 1% higher than £190,704 in April last year. Read More Merseyside property stories Most of Merseyside also saw higher than average increases to house prices for people buying a home … [Read more...] about House prices for first time buyers in Liverpool are on the rise
How to avoid the top five mistakes first time home buyers make
Sponsored by Property Apprentice Recent research suggests that now is a good time for first time buyers to buy their first home, as a buyer’s market emerges. In June 2019 Auckland property prices experienced their biggest year-on-year decrease in five years with the average asking price falling 1.9 percent from 2018 to $901,650 according to figures from homes.co.nz. Property prices remained constant in Wellington and Dunedin. Auckland house prices drop ‘Buyers’ market emerging in Auckland’ Auckland see biggest property price drop in five years While the real estate market may be turning to favour buyers it’s still a daunting prospect to take the leap and buy your first home. Property Apprentice investment coach Debbie Roberts shares some timely advice about what not to do when buying your first home. 1. Dealing directly with the bank Banks have all got different lending criteria when it comes to calculating how much they will lend to you based on … [Read more...] about How to avoid the top five mistakes first time home buyers make
How initiative helps first-time buyers get on ladder
How initiative helps first-time buyers get on ladder Independent.ie The Government's help-to-buy scheme is designed to assist first-time buyers in getting a deposit together to buy a new home or build a new house or apartment. https://www.independent.ie/business/personal-finance/property-mortgages/how-initiative-helps-firsttime-buyers-get-on-ladder-38264251.html https://www.independent.ie/business/personal-finance/switching-saturday/article38264116.ece/608e6/AUTOCROP/h342/page8_house.JPG Email The Government's help-to-buy scheme is designed to assist first-time buyers in getting a deposit together to buy a new home or build a new house or apartment. In line with Central Bank rules, new buyers must have a deposit of at least 10pc of the property's value. The measure allows buyers to claim a rebate of income tax already paid up to €20,000, depending on the property value. The rebate can be claimed on properties only up to a value of €500,000, following a recent … [Read more...] about How initiative helps first-time buyers get on ladder
First-time buyers need to earn £54,000 a year to buy a home
FIRST-TIME buyers now need to earn an average of £54,400 a year to buy their first home, up from £49,900 three years ago. This comes as the average deposit you'll need is sitting at a whopping £38,400. In an analysis of the house prices of the UK's 20 biggest cities, property website Zoopla found that Liverpudlians "only" need to earn £26,100 in order to get on the property ladder. Meanwhile, residents in the capital would have to earn a whopping £84,000 to be able to buy their first property. This comes despite the fact that the average household income needed has dropped by £3,250 in London compared to 2016 due to weak growth and price falls, Zoopla said. Outside London, Cambridge and Oxford require the highest first-time buyer incomes, although like London these have also fallen over the past three years. Leicester has seen the largest percentage increase in the income required to buy since 2016, at 20 per cent, followed closely by Birmingham and … [Read more...] about First-time buyers need to earn £54,000 a year to buy a home