26 Oct

More people searching for property online, report says

More people searching for property online, report says

More people have been looking for properties for sale in the UK by going online, a study has shown.

The number of people searching for houses to buy or rent on the internet rose by 18.6 per cent in the three months to October 2010.

Of these, 86 per cent of visitors looked for rental accommodation and 14 per cent for properties for sale - an increase from 72 per cent and 28 per cent respectively from the first quarter of 2010.

Head of marketing at the firm Steve Lees said: "July traditionally marks the start of the annual summer slowdown, but users have bucked this trend, with the three months to October the busiest we've seen so far this year for sales and lettings."

He added that buy to let property owners are likely to do well over the next few months as "latest figures show that the rental market is far more active with demand greater than ever".

This follows comments made by independent analyst Malcolm Harrison, who stated that buy to let landlords should anticipate strong demand from tenants as a result of government cuts on the housing allowance.ADNFCR-1222-ID-800158733-ADNFCR

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