First time buyers appear to be ignoring post-Brexit uncertainty, with the amount of properties sold to first time buyers reaching record highs in October. First time buyers accounted for 32% of all property sales in the UK, a high not seen since October last year. The report paints a good picture for the UK housing market following the mild uncertainty felt after Brexit.

Key Takeaways:

• First-time buyers are shrugging off Brexit uncertainty
• First-time purchasers accounted for a third of all property sales in October, the highest figure since records began in 2000
• The report paints a positive picture from the UK housing market as it is a clear sign the market is beginning to bounce back.

“First-time purchasers accounted for a third (32 per cent) of all property sales in October.”

https://www.ftadviser.com/property/2016/11/28/first-time-buyers-shrug-off-brexit-uncertainty/