Those with parents who have got the cash to help get them onto the property ladder, may be experiencing the highs of 20% property price discounts, but according to research by the Royal Institution of Chartered Surveyors (RICS) such acts are creating a 2-tier property market i.e. those who can afford property and those who can’t.

In November alone, property sales from first time buyers fell to an all time low of 19%, even despite the numerous attempts by the government to help first time buyers to invest.

Discussing this growing division, RICS have reported a number of growing cases where homeowners are resorting to extreme measures to help get their foot on the property ladder. From gazumping other buyers to divulging in sealed envelope deals… these acts prove that the demand for property is definitely there. Yet this deepening lack of finance for homeowners is making this 2-tier property market even more acute.

One concern many property advisors have is the impact that first time buyers will have on the property market.

First time buyers often set the foundations of selling chains, which without them could have further repercussions on property sales – and potentially other homeowners - further down the line. However until financing returns to normal, this dilemma is only going to get worse, especially as the bank of mum and dad is quickly running out of cash.

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