AppId is over the quota AppId is over the quota 4 July 2012 Last updated at 11:02 Confidence among potential buyers has been hit by the economic climate and the eurozone crisis An estate agents' group has described the housing market for first-time buyers as "fragile" as other figures suggest the sector is stagnant. The National Association of Estate Agents (NAEA) said sales to first-time buyers fell to the lowest level in seven months during May. The lack of activity has been reflected in the latest housing equity figures. The Bank of England said that housing equity withdrawal remained negative in the first three months of the year. The £8.8bn injection of equity reflected low levels of sales and some mortgages expiring, rather than owners making an active effort to pay off their mortgages more quickly. The level was similar to the £8.5bn injection in the previous quarter. 'Turbulent time' The boom years of UK housing market in the last decade saw a high rate of housing equity withdr

AppId is over the quota AppId is over the quota 4 July 2012 Last updated at 11:02 Confidence among potential buyers has been hit by the economic climate and the eurozone crisis An estate agents' group has described the housing market for first-time buyers as "fragile" as other figures suggest the sector is stagnant. The National Association of Estate Agents (NAEA) said sales to first-time buyers fell to the lowest level in seven months during May. The lack of activity has been reflected in the latest housing equity figures. The Bank of England said that housing equity withdrawal remained negative in the first three months of the year. The £8.8bn injection of equity reflected low levels of sales and some mortgages expiring, rather than owners making an active effort to pay off their mortgages more quickly. The level was similar to the £8.5bn injection in the previous quarter. 'Turbulent time' The boom years of UK housing market in the last decade saw a high rate of housing equity withdr

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