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Four million buyers plan to cash in on cheaper homes
April 16, 2009
More than four million home-owners are watching the property market with an eagle eye so they can cash in on cheaper home-ownership before prices start to rise.
According to research from first direct, the on-line bank, UK home-owners waiting for the right moment to buy are sitting on a savings pot of £20 billion which is ready to be ploughed into the housing market when the time is right. Interestingly, women are twice as likely as men to wait for falling prices.
The findings suggest that with the property market already showing small signs of recovery, the average Brit expects house prices to start rising steadily as soon as October 2010. And one in six (15 per cent) think house prices will return to steady growth by the end of 2009.