Almost 50% of Brits would still buy property now

Posted: 18 Dec 2008 13:01:40 GMT

Almost half of the respondents to a recent survey regarding the current housing market have stated that, despite poor market conditions, they would still buy a home, it has been reported.

As many as 46 per cent of respondents to the research from the Building Societies Association (BSA) said that they would be happy to purchase property despite the current state of the market.

Compared to earlier research carried out by the BSA these figures represent a significant boost in confidence, as only 34 per cent believed it was a good time to buy in September and in July only 27 per cent thought so.

BSA head of mortgage policy Paul Broadhead explained: "With sentiment playing such an important role in the property market, the gradual increase in the numbers of people who believe it is a good time to buy bodes well for 2009."

The news is certainly good for those hoping to sell at present as it may mean a higher chance of obtaining a better asking price.

Homeowners hoping to attract the most potential buyers should look into the benefits of selling a property online, which can reach more buyers than traditional estate agents.

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