Comment from Gilson Gray on First Home Fund return

Ben Finnie, property sales director, Estate Agency, at Gilson Gray said: “The return of the First Home Fund is brilliant news for Scotland’s property market and, more importantly, for thousands of first-time buyers who have been struggling to save for a deposit while dealing with rising living costs. This kind of support can make a genuine difference by helping more people take that first step onto the property ladder. We know from previous versions of the scheme that demand was incredibly strong, which shows just how needed this support is.

“The reintroduction of the fund will give the market a real boost across Scotland. First-time buyers are the foundation of the housing market — when they are able to buy, it creates movement all the way up the chain, increasing confidence and activity for buyers and sellers alike. For sellers, this should also be seen as a very positive development. Increasing the number of financially supported first-time buyers in the market means a larger pool of motivated purchasers actively looking for homes. That added demand can help sellers secure interest more quickly, improve confidence in transactions progressing smoothly, and ultimately help more properties get sold.”