More Britons have their sights set on buying a home
property: More people have their sights set on buying a home in the next few years amid signs of growing optimism in the housing market, research has found.
One third (33 per cent) of Britons surveyed have ambitions to buy a property within five years, showing a jump from 29 per cent when similar research was carried out a year ago, the Post Office said.
Two-fifths (39 per cent) of people who are planning to make a purchase will be first-time buyers, a sector that has strug- gled in recent years, with many would-be buyers trapped in the rental sector.
The study suggested that government schemes to unblock the flow of lending have generally boosted buyers' confidence about their ability to get a mortgage.
LOOKING FOR A NEW KITCHEN - BATHROOM - BEDROOM ???View details
When you seen the rest - come on down to the best - let us help you plan and design your dream home - we have a beautiful showroom and offer a full design and fitting service. 10% Off with voucher
Terms: Voucher to be presented in showroom
Contact: 01472 802418
Valid until: Sunday, June 30 2013
One in six (16 per cent) people surveyed said they have no chance of being able to raise enough cash for a deposit, showing a sharp drop from alm- ost a quarter (24 per cent) when research took place last year.
However, the findings also suggest the market is likely to be busier in London and the South East, where house prices have already been holding up relatively strongly.