Furhter information that adds ambiguity to the house price world…..
“Prices have fallen for 15 consecutive months (since July 2010). The level of price falls was highest over the second half of 2010 averaging -0.5% per month compared to -0.1% over the last 6 months.”
With the ongoing uncertainty of recession looming, house purchase is still on everyone’s mind…..
Despite a stagnant housing market and rising inflation, Britons remain upbeat about their chances of buying a new property – but not just yet.
According to research from Santander Mortgages, one in four of the adult population plans to buy a property in the next five years. But only 6% of prospective buyers intend to buy in the next 12 months and just 7% within two years.
The research, conducted among existing and non-homeowners, found that young people expect to be the most active over the next five years, with nearly half of 18 to 34-year-olds (48%) intending to buy a new home in the next five years. This compares to one in five 35 to 54-year-olds (21%) and 12% of those aged 55 or over.
Almost two-thirds (61%) of those who intend to buy a property in the next five years are currently married or living together with a partner.
You can find the full article over at the introducertoday.co.uk