With interest rates at an all-time low and house prices having fallen significantly there is an argument for optimism.
But for many first-time buyers it is funding a deposit that is now the real barrier to gaining a foothold in the property market.
So what can they do about it? Well, the good news is that there is tangible support available from government schemes.
In its desire to make home ownership more affordable, the government has made funding available to support its shared equity and shared ownership schemes.
This is undoubtedly welcome news. However, it is abundantly clear from the conversations I have had with our intermediary partners that there is still a fair amount of confusion about these schemes and advisers need information on how to make the most of the new opportunities.
Over the next few weeks I hope to be able to highlight the key factors that intermediaries should know about government schemes.
I’ll look at the key differences between shared ownership and shared equity, the types of people these schemes are designed for, the choice of products available to intermediaries to use, the practical steps advisers need to take to enter this sector, who the key players are and tips on how to market your business effectively.