SmartNewHomes.com has reported first-time buyers are preparing to enter the new homes market with confidence.

In a recent survey of over 200 first-time buyers, only 13% of respondents said they were put off buying a home due to the current financial climate and just 8% believed they would have to pay more than £200,000 for their first home.

The results also suggested the prospect of buying alone is not preventing buyers from looking to make their first home purchase - 46% of those looking for a home were single, compared to 33% looking to buy with a partner.

The main barrier to getting on the ladder suggested by those surveyed was high prices (66%), with three quarters of respondents not expecting to own a home until they were over 30.

David Bexon, managing director of SmartNewHomes.com said: “First-time buyers are still looking to buy at the right price, and have not been completely deterred by current conditions in the market.

“While some first-time buyers’ perceptions of affordability may be unrealistic, competitive prices are still achievable and the recent cooling of prices has increased accessibility. A range of excellent developer incentives and schemes are also currently available, which in some cases have allowed buyers to bypass financial constraints and secure a more competitive mortgage.”

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