12 Feb

Estate agents 'will see the housing market grow in 2010'

Estate agents 'will see the housing market grow in 2010'

The UK property sector will experience modest growth this year, according to a property investment adviser.

Chief executive officer of Assetz Stuart Law explained that buyers have been taking advantage of the current market conditions.

"We do expect the market to continue steadily forward this year with a modest five per cent growth," Mr Law stated.

He pointed out that mortgage deals are continually becoming more competitive, with loan-to-values gradually getting higher and higher, which is encouraging buyers back to the market.

Mr Law added that, although there are still a number of risks within the sector overall, the industry seems to be coping with any problems that are thrown up.

Data released on February 10th by unbiased.co.uk revealed that more than 70,000 people requested guidance about home financing options from a mortgage adviser during 2009.

The biggest group were first-time buyers, comprising 40 per cent of enquiries throughout the period, while remortgaging advice was the second most popular enquiry.ADNFCR-1222-ID-19614410-ADNFCR

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