The recession 'has made no difference to property market sentiment'

Posted: 23 Mar 2011 11:58:03 GMT

            Property News - The recession 'has made no difference to property market sentiment'

Many people have not changed their view of the property market, despite the credit crunch, it has been found.

The credit crunch appears to have made little difference to public sentiment regarding the property market, it has been found.

Research commissioned by Miller Homes showed that a quarter of the 5,000 potential house buyers and existing home owners questioned claimed the recession had not altered how they view the sector.

It was revealed that six per cent of respondents are still willing to borrow the maximum amount possible in order to move in to their ideal home.

Sue Warwick, national sales and marketing director at the organisation, said: "The results of our survey show up some real rays of sunshine from our nation’s house buying public."

She noted the findings show people still have aspirations to own their dream abode and are willing to make sacrifices in order to achieve this.

Recent figures released by Rightmove showed that asking prices for homes in the UK have escalated for the third month in a row.

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