First-Time Buying 'The Northern Way'
With the nation's somewhat turbulent housing market causing an air of depression toward the end of 2007, those that feared the worst are waking up in 2008 to the reality that not all is doom and gloom. As residential development continues apace in many locations across the country, first-time buyers are finding themselves in an increasingly attractive position, possessing greatly improved bargaining power (due partly to the fundamental restrictions posed by complicated onward chains) and frequent opportunities to pick and choose between schemes.
In recognition of this transfer of power, developers are offering a number of lucrative incentive deals armed solely with the intention of luring this unique sector of the market onto the property ladder - stamp duty and legal fees paid, mortgage subsidies and free furniture packages are just some of the financial rewards available to today's discerning buyers. With the government also playing its part in helping this important buyer group to realise homeownership dreams, the immediate future may not appear as ‘inevitable' as some media reports may have suggested. Read On...
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