First time buyers who are eager to get onto the property ladder should wait until the market calms down, according to one industry leading expert.
Peter Beckett from IamMoving.com has warned potential first time buyers that if they buy now before the market stabilises they risk having negative equity in their property.
He commented, "If you rush into something now, you could find yourself in a negative equity position, having borrowed in order to be able to afford to secure the property in the first place."