Spring is in the air and the property market appears to be in better shape than many predicted during the dark days of last October. According to recent data from Rightmove, the housing market is showing green shoots of recovery. The topline of the report states that the market is better than expected and more buyers are returning, so are we seeing the green shoots of recovery?
Mortgages
Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
