Fresh evidence has emerged today which helps support the belief of many that the lack of credit, rather than the home information pack (believe it or not this is still being claimed), is the main reason for the shortage of homes for sale.
In a survey carried out by Zoopla.co.uk called ‘Housing Market Sentiment Survey’ it found that although there exists increased confidence amongst homeowners, the results did show confidence alone was not enough to boost activity in the housing market as much still depends on the availability of mortgage funding.
It records:
‘75% of those surveyed claim that it is no easier now to get a mortgage than three months ago, placing the onus on lenders to work to increase confidence and help further lift the transaction volumes’.
Overall the results of the survey were positive, and indicate that compared with last year, when confidence was rock bottom, the outlook for 2010 is far more favorable. Homeowners signalled in the survey that the clearest indicator to them of a property market recovery ‘would be evidence of greater market activity in their local area – both in terms of more properties on the market for sale and transactions taking place’
Asked in the survey what homeowners were expecting to do over the next 6 months there was a clear intention to improve their properties in the coming months. In fact ‘42% of homeowners stated they would be embarking on home improvements over the next six months’, and which according to Zoopla, ‘may signal a greater willingness to get homes ready to put on the market’.
To see the full results please visit: http://bit.ly/4uKGIV
In a survey carried out by Zoopla.co.uk called ‘Housing Market Sentiment Survey’ it found that although there exists increased confidence amongst homeowners, the results did show confidence alone was not enough to boost activity in the housing market as much still depends on the availability of mortgage funding.
It records:
‘75% of those surveyed claim that it is no easier now to get a mortgage than three months ago, placing the onus on lenders to work to increase confidence and help further lift the transaction volumes’.
Overall the results of the survey were positive, and indicate that compared with last year, when confidence was rock bottom, the outlook for 2010 is far more favorable. Homeowners signalled in the survey that the clearest indicator to them of a property market recovery ‘would be evidence of greater market activity in their local area – both in terms of more properties on the market for sale and transactions taking place’
Asked in the survey what homeowners were expecting to do over the next 6 months there was a clear intention to improve their properties in the coming months. In fact ‘42% of homeowners stated they would be embarking on home improvements over the next six months’, and which according to Zoopla, ‘may signal a greater willingness to get homes ready to put on the market’.
To see the full results please visit: http://bit.ly/4uKGIV
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