View more on these topics

Growing interest in housebuying

Rising numbers of people are looking to buy a new home, despite

warnings that house prices will fall this year, according to research

by Alliance & Leicester.

It found that 12 per cent of people plan to buy a new home in the

next two years,a step up from the 11 per cent recorded in each of the

last three quarters.

The most common reason for buying a home is to save money, with 20

per cent of people saying it is cheaper than renting. The need for

independence is also a big factor, with 18 per cent citing it as a

reason to buy.

The driving force behind the property market appears to be people in

their 20s, with 27 per cent intending to buy within the next two

years. Only 2 per cent of those over 60 are looking to move.

Men are more likely to want to move than women, with 14 per cent

saying they are thinking of buying a home in the next two years

compared with 11 per cent of women.

Seventeen per cent of single people said they are looking at moving

in the next two years compared with only 13 per cent of married

couples.

On a regional basis, Londoners are most likely to be considering a

move, with 16 per cent.

Head of mortgages Paul Cooper says: “Although there is some

uncertainty in the housing market, low interest rates and fierce

competition among mortgage lenders continue to make buying very

attractive. The fact that so many people in their 20s are planning to

buy is a very encouraging sign and bodes well for the health of the

property market.”

Recommended

Talkback

“No, I&#39m not that impressed. Sesame as in Sesame Street makes us looklike a Mickey Mouse industry.”Roger Versteeg, Versteeg Lister & Co “It doesn&#39t really concern me as I&#39m not a Misys member, but I thinkit is a fairly trivial name for a fairly important industry.”Gregory Braithwaite G Braithwaite/The Ethical Partnership “No. It made me […]

Depolarisation will lead to narrow panels says E&Y conference

Polarisation will lead to IFAs moving to narrow panels offering consumers a restricted choice according to a survey of delegates at the Ernst & Young Financial services Summit in Edinburgh today. A poll of delegates shows 74 per cent believe depolarisation will lead to major IFAs offering a narrow product range, while 26 per cent […]

Chartwell Investments – Chartwell Capital Secure Plan

Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-no maximum, £7,000 Isa Term: Six years Guarantee: Original capital returned in full regardless of performance in index Return: 20% growth at the end of three years if index grows by 20% or more, 30% growth at the […]

MM top for headline news

Money Marketing has won two major awa-rds at the inauguralHeadlinemoney.co.uk awards by taking the trade media team of the yearand the trade media journalist of the year titles.The awards, held at the Grosvenor House Hotel, London, were run byHeadline money.co.uk, an online resource for personal financejournalists and PRs, in partnership with Barclays.A judging panel of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment