1 Feb

Optimism returns among house buyers

Optimism returns among house buyers

British house buyers are starting to become more optimistic, with some commenting that property prices have levelled out and are beginning to rise, new research has revealed.

A survey carried out by Unbiased.co.uk discovered that just three per cent of prospective buyers are waiting for the market to fall further, with almost one-third (29 per cent) stating that they believe prices are increasing.

Karen Barrett, chief executive at the online advice site, said: "No longer are potential homebuyers biding their time until house prices have fallen. They are now looking to buy and gathering the means to do so."

The company also found that 31 per cent of potential first-time buyers are waiting to take their first step on to the property ladder until they have saved a sufficient deposit.

Figures released by the Bank of England on February 1st showed that although the number of loan approvals for house purchases fell slightly in December 2009 to 59,023, this was still above the previous six-month average of 55,004.ADNFCR-1222-ID-19590740-ADNFCR

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