17 Sep

Homebuyers viewing property market in a "positive light"

Homebuyers viewing property market in a "positive light"

Cautious optimism is continuing in the property market, with most buyers now viewing the current situation in a "positive light", one property expert has claimed.

Paul Broadhead, head of mortgage policy at the Building Societies Association, said that the majority of respondents to the organisation's Property Tracker survey believe that now is a good time to buy.

The survey also found that access to a mortgage is viewed as a barrier to buying by just 49 per cent of people, compared with 55 per cent in June and 58 per cent in March.

Furthermore, participants expect property prices to rise by 1.6 per cent over the next year.

"With mortgage availability perceived to be increasing, prospective buyers are more confident of securing funding to purchase a property," stated Mr Broadhead.

This news follows the remarks of Paul Holmes, chief executive at mortgage broker Firstrung, who recently asserted that there is demand for houses, despite claims to the contrary from estate agents.
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