The Housing market is now approaching its most active season, with house builders doing their best to reduce slow moving stock. All reports so far are indicating a continual slow down of a weak market as we enter the summer months. The UK economy is also on the decline in most sectors, which inevitably will affect consumer spending and confidence.

Manufacturers are raising the prices of their goods to try to counter the fiercest increases since 1990, driven by more expensive energy, food and raw materials. Ian McCafferty, chief economic adviser at the Confederation of British Industry (CBI), said

“Manufacturers are being forced to pass on higher costs to customers by increasing prices, and are no longer able to absorb continuous cost increases into their profit margins. The Bank of England now faces particularly difficult decisions on the timing of any further base rate cuts, as it must weigh up these strong inflationary pressures against the needs of a slowing economy.”

From recent figures released, most first-time buyers are adopting a wait and see policy and are resigned to continue window shopping, until the property market stabilises further. This is also presenting them with many opportunities to obtain attractive discounts, incentives and offers from house builders across the UK.

In the meantime, house builders are locked into building projects that have their own momentum, best described as ‘down tools.’ Amid a UK wide squeeze in credit, tougher borrowing conditions and rising cost of living, builders are responding by lowering prices and offering attractive packages to encourage first-time buyers back into the market.

Myfirsthomeltd team hope you will enjoy this newsletter issue as much as we do, thus contributing to making home hunting easier, enjoyable and rewarding.

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First Home Is Now Within Your Finger-Tips

For the first-time in several years a slow down of the Housing market, has resulted in house builders and developers having large numbers of homes waiting to be sold. To ease their slow moving stocks, they have begun offering buyers incentives and reduced selling prices considerably.

It has been well publicised, that many first-time buyers are struggling to get on the property ladder in the United Kingdom. With the commencement of the ‘home buying season,’ myfirsthomeltd.co.uk is launching ‘Service At Your Finger-Tips’ with the objective to further assist first-time prospective purchasers, onto the property ladder.

This service is designed to bring house hunters into direct contact with professionals within the industry.

We all lead such busy lives nowadays and it’s not surprising that we sometimes struggle to fit everything in. Home hunters finding their dream home is no exception. So whether you’re a first-time buyer too busy with work to look for your first home, an investor looking to expand your portfolio, or busy parents desperate for some more space, but struggling to find time to look between baby-sitting and raising your children.

First-time buyers registering with www.myfirsthomeltd.co.uk will have free access to our newsletters, magazines and information centre. Designed to make house hunting easier, enjoyable and rewarding, giving prospective purchasers:-

• Updates on market news and consumer trends.
• Alerts on forthcoming developments.
• Information on new homes and developments.
• Promotions and events…

Technology is transforming the way we search for our next home. Gone are the days when people’s property searches begin with the nose pressed against an estate agent’s

Window and hours spent browsing through publications and driving through neighbourhoods. For many first-time buyers, the starting point is instead the internet.

For a new experience visit: www.myfirsthomeltd.co.uk and register immediately via the following link: Service AT Your Finger-Tips