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Written by rosalind renshaw

Estate agent chain haart has described the autumn property market as “buzzing”.

The firm says that new first-time buyers are up 69.5% on this time a year ago, helping to boost total sales transactions by 15.7%.

Based on data from its own 200 branches, it says average UK property prices are now £202,580, up 6.8% on a year ago.

The agent warns, however, that inventory in September was down by 2.4% on the month before.

Paul Smith, CEO of haart, said: “The new Help to Buy scheme will boost demand for homes by reducing a required deposit to 5%.

“This is a huge help to first-time-buyers who are unable to step on to the property ladder, but the influx of demand will also encourage second-steppers to put their home on the market as they will be further buoyed by the 5% deposit where they lack equity to move up.

“This extra feed of property will ease the current log-jam of supply.”

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