Buyer enthusiasm increases again - Mortgages - News - Moneyfacts

News

Buyer enthusiasm increases again

Buyer enthusiasm increases again

Category: Mortgages

Updated: 15/04/2009
First Published: 15/04/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Buyer enthusiasm is gaining ‘real momentum' according to UK surveyors, following the news that new enquiries in the housing market in March rose for the fifth consecutive month.

Thirty one per cent of chartered surveyors said they'd seen a rise rather than a fall in new buyer enquiries, according to the Royal Institution of Chartered Surveyors.

Interest is strong in every region, said the institute, with Wales and London, where 63 per cent of surveyors saw an upturn in enquiries, performing particularly strongly.

While the actual amount of houses being sold remains low, the expectation is that optimism will translate to increased sales later this year.

RICS spokesperson, Ian Perry, said: "Buyer interest is starting to gain real momentum but will remain frustrated while mortgage finance is scarce."

He also acknowledged that would-be first time buyers are finding it difficult to access the property market while so few high loan-to-value mortgages are available.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.
 
Close