Homebuyers confident, internet leading the way

Posted: 01 Feb 2008 11:17:02 GMT

The majority of UK homebuyers and property investors remain confident about the future prospects of the housing market.

The majority of UK homebuyers and property investors remain confident about the future prospects of the housing market.

That is according to a major new survey conducted by Rightmove, which revealed that three quarters of landlords remain confident that property is a safe investment.

Further to this, first-time buyers (FTBs) also remain confident, with a quarter claiming to have saved for a deposit without any help from others.

The survey also looked at ways in which home sellers market their properties, with 95 per cent saying that it is vital that a property is advertised online.

In addition, 83 per cent of homebuyers said that they prefer to use the internet over traditional sources when searching for a property.

"Over the last few years, the use of the internet has become more accessible and widespread; not only within the home, but on mobile phones and various other channels," said Miles Shipside, commercial director at Rightmove.

"Researching the local property market has become a national obsession and form of entertainment. As well as potential buyers seeing what they can buy with their budget, homeowners like to see what similar properties to theirs are selling for.

"The internet has revolutionised the home-buying process dramatically as everyone now knows that they can easily view thousands of property details from a range of agents, with maps and additional images in seconds," he added.

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