Can the lack of first time buyers really affect the prime property market?

Nov. 4, 2011 - PRLog -- The media remains full of stories of doom and gloom in the property market, with increasing numbers of first time buyers struggling to find enough money for a deposit and the price of rented property consequently ever spiralling. But what kind of impact does this have on the prime property market? Perhaps not as much as one might think. . .

It is true that the prime property market has seen some changes in the recent months, with buyers less willing to jump in. A great number now employ the services of buyers agents such as Elite Property Services to help them find their dream home. http://www.elitepropertysearch.com

Last month we reported that many prime properties were seeing greatly reduced prices. Whether this was because they had been overvalued in the first place or because sellers were eager to get bidding wars going with the price then rising again was a matter of debate. However, what was certain was that as buying agents, Elite Property Search were still seeing interest in prime properties – just interest from buyers who were more savvy to the market and more keen to wait for a property at the price they want to pay.

From the point of view of sellers, it has been observed that an ever increasing number are choosing to sell their homes privately – cutting out the middle man of estate agents.

As a buyer, that's when using buying agents such as Elite Property Search can be a real boon.

Elite Property Search have more million pound houses on their books that anyone else and, while not having any affiliation or ties to estate agents, what they do have is excellent relationships with said estate agents and consequently access to more 'bottom drawer' properties – those not available on the general market – than anybody else.

When looking for a prime property, you are going to want to be safe in the knowledge that whoever is helping you on that search has your best interests at heart. With buyers agents such as Elite Property Search, that is a given.

Whether you are looking for a coastal property, a farm for sale or an interesting town house, Elite have a massive selection of properties available – many of them not available on the open market.

Elite's experienced team of directors pride themselves on taking the time to get to know each client personally and really listening to their requirements, before applying themselves to find that dream home.