Falling property prices have made housing "very definitely" a buyers'' market thanks to first-time-buyers, says Moneyextra.com.

First-time-buyers cannot afford to buy many houses and this is pushing property prices down.

Due to the credit crunch and mortgage restrictions, first-time-buyers are prepared to pay less for a property with potential homeowners considering an average value of £170,559 for a first house.

Figures show this to be a 5.7 per cent decrease on March and nearly 10.25 per cent less than the peak price of an average first-time home in December 2007.

Robin Amlot, senior editor of Moneyextra.com, said: "Housing is very definitely a buyers'' market now rather than the sellers'' market that existing homeowners had become used to."

Research revealed that more first-time-buyers are entering the mortgage market with dual incomes with a record number of 44.79% applications coming from couples with two incomes.

"While it may be getting tougher to get a mortgage now, it would appear that those first time buyers who are in a position to buy are driving much harder bargains with sellers," added Mr Amlot.