Send to a friend

BSA notes upturn in property buying confidence

18 June 2009

More people are confident about buying property in the UK than they were back in March, new research has found.

According to the Building Societies Association (BSA), 59 per cent of consumers agree or tend to agree that now is a good time to purchase a home.

The BSA revealed that this was up five per cent on March's figure, as well as representing a hike of 32 per cent year-on-year.

Paul Broadhead, head of mortgage policy at the organisation, said: "People clearly recognise that with both property prices and mortgage rates having fallen, there are potential bargains to be found meaning that now is a good time to buy."

Smartlandlord.co.uk managing director Keshav Thukaram said this week that there are a number of "bargain properties" on the market for buy-to-let landlords.

Anyone buying property may find they need to use safe storage facilities.

Written by Graeme Pieterson
ADNFCR-789-ID-19225320-ADNFCR