The proportion of people planning to take their first step on the property ladder in the coming months has risen to its highest level in at least two-and-a-half years, despite the "minefield" of difficulties they face, a study suggested.
This "surprising" determination found by property website Rightmove comes despite the ending of a two-year first-time buyer concession in March which was followed by a dip in mortgage lending, tough employment conditions, mortgage rate hikes, and lenders tightening their borrowing criteria.
Some 27.9% of people who told the property search website in April that they intend to buy a home in the next 12 months said they would be first-time buyers.
This is the highest share since the survey began in the winter of 2009, when potential first-time buyers made up 27.6% of the study.
The study's findings suggest the proportion of this sector of the market will move closer to its pre-credit crunch levels of around 40%.
Would-be buyers are also getting younger, as the average age of those hoping to buy their first home in the next year has dropped by one year to 31, compared with when the survey was carried out in October last year.
Miles Shipside, director of Rightmove, said: "The results come as a welcome surprise... The property market needs this upward trend in first-time buyer activity to continue, as first-time buyers perform an essential role at the bottom of the property market food chain."
But he cautioned: "There is still a minefield of economic uncertainties to navigate for those intending to purchase their first home."
Property analyst Hometrack reported that house prices "stalled" in June and said it expects them to slip by up to 2% in the next six months amid weakening demand and uncertainty over the eurozone.
A Bank of England report last week said that would-be buyers with low deposits are likely to have a particularly tough time finding mortgage deals in the coming months, as lenders tighten their criteria and borrowing becomes more expensive.
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1st time buyers have fallen consistently over the last 5 years and will carry on doing so for a further 5 years. This from a "Realist" who lives in the real world. House prices are going to have to drop by a further 25%/30% before you can see any light at the end of the tunnel.