The property market has gained the confidence of first time buyers in the UK. On a popular property website, an increased number of property searchers said that they were first time buyers. It went went up from twenty five percent to thirty seven percent. These statistics have kept the rate good but it still is below the overall average of forty six percent. The return of first time buyers spells good times for the property market.

The rate at which things are getting better is not as radical as one might want it to be but it is better than what the market has been seeing for the past three years. Noticeable is the excess of smaller properties and the open mindset of probable investors to the market. The low two-bedroom property customer availability will leave half of the properties available because the supply is almost twice the demand. The main attractions for buyers are flats. They have gone down in price, invoking a good response. The increase of market value has not been so definite since the summer of ’04. The price will rise by around 1.5 per cent by the next year according to property analysts.

The response reciprocated by good statistics should be enough for the market to be up on its feet soon enough. A good stable market will be a long time coming now the way things are going.