9 Nov

UK population "increasingly confident" about housing market

UK population "increasingly confident" about housing market

People in the UK are viewing the housing market in a more favourable light amid signs that the worst of the recession is over, according to iammoving.com.

Jon Brown, partner relationship manager at the online change of address service, believes that it is reasonable to expect an increase in house sale volumes early next year.

He said: "Improving economic stability reported in the news, along with reports that America is officially out of recession, means that people in the UK wanting to buy are feeling increasingly confident that property is, once again, a sound investment."

Mr Brown added that as consumers begin to feel that owning a house is a safe option, they will return to the opinion that renting property is "dead money".

Earlier this month, Rightmove announced that it had experienced a 35 per cent increase in site traffic in the four months to October 31st 2009 compared with the same period in the previous year.

The company also predicted "further progress" within the market in 2010.

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