25 April 2012

New polls have indicated that public confidence in the housing market is growing. An additional survey has also been carried out specifically amongst first-time buyers also showing greater positivity, according to estateagenttoday.co.uk.

Halifax has conducted a Housing Market Confidence tracker survey showing that 39% of people believe that the average house price in Britain will increase overall throughout the next 12 months. Around half this figure believed the average house price would drop.

Zoopla carried out another survey showing that 67% of property owners in the UK expect house prices to increase over the next six months.

Zoopla’s research also demonstrated that mortgages are now easier to come by with 17% of respondents believing that availability has improved in comparison with the end of last year. 25% of respondents however believe that a lack of mortgage availability is still a barrier to purchasing property and 45% believing that saving for a deposit is a problem.

The Halifax survey also found that 55% of respondents think it’s a good time to buy property and 24% believe it’s a good time to sell property.

The Post Office also carried out a survey specifically on first-time buyers. The researched revealed that 14% of respondents are looking to purchase property this year and 22% in 2013.

16% of first-time buyers were helped by relatives to save for a deposit and a further 16% are looking to utilise the new government FirstBuy scheme. 45% of first-time buyers however managed to save up for their deposit independently.

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