1st Time Buyer Demand Remains Strong

The 4th Quarter 2014 FNB Estate Agent Survey once again returned a strong estimate of 1st time buying levels, suggesting that confidence in the residential property market still trumps any possible looming affordability issues….or does it?

According to the sample of agents surveyed, 1st time buyers were estimated to be 27% of total home buyers. This is slightly higher than the previous quarter’s 26%, and means that for 2014 as a whole this percentage reached 26.5%, well higher than 22.5% estimated for 2013. Read more here – FNB Property Barometer_1st Time Buying_Jan_2015