First time buyer
A (FTB) is a term used in the British property market for a potential house buyer with no previous property. This makes the buyer more desirable to a seller as he does not have to sell a previous house, and so will not involve a housing chain.
In recent years in the UK the number of First Time Buyers as a proportion of the market has declined, which many property bears claim is a sign of weakness, FTBs being "priced out of the market" by escalating house prices.
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