People intending to buy a house are bringing their plans forward, it has been claimed.

Recent concern over the ongoing credit crunch on the housing market does not seem to have impacted too heavily on buyers' plans, according to research conducted by personal finance information site Fool.co.uk.

One in ten people surveyed said they will be buying a new home sooner than they had initially planned, while 38 per cent of people intend to move house this year and 34 per cent hope to move next year.

Fool.co.uk has stated that predictions for house price correction this year stand at around 20 per cent, which may be good news for potential homebuyers.

David Kuo, head of personal finance at Fool.co.uk, commented: "The long-overdue correction in the property market will allow many people who have been waiting to move house to finally realise their dream."

House price shifts may signal a good time to move home, as Fool.co.uk claimed last year that first-time buyers may be forced to stay in the same house for years if the housing market stagnates.

Moving home can create storage problems, so to prevent loss and damage homebuyers should consider self-storage solutions.


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