Wednesday, May 06, 2009
Quick, get on the 'ladder'
CityWire: FTBs desperate to buy before prices rise again, Rightmove claims
More than two thirds of potential first time buyers think now is a good time to buy a property before prices start climbing again in a year, a new survey from property website Rightmove has suggested.
Miles Shipside, commercial director at Rightmove, said the results were a clear sign that the general mood towards property and home-ownership was swinging towards positive.
'Canny investors have been snapping up some bargains, and now first time buyers reckon prices are reaching a floor too,' he said.
'They are looking to take advantage of cheaper prices before they start to rise.'
Posted by little professor @ 01:00 AM (666 views) Add Comment
6 Comments
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1. sparky300 said...
I'm a first time buyer , I'm certainly not desperate to get on the so called "ladder" seems to me to be more of a snake than a ladder at the moment , yes I'd rather buy than rent , but why should anyone buy when prices continue to fall?
2. doomwatch said...
Yawn.
3. mountain goat said...
I see BBC are broadcasting this story too on their financial news. Might be an accurate reflection of sentiment in the country. These house buyers might be right, if the economy has bottomed now and employment starts rising from here.
Not saying this is my view, just what the information suggests to me.
IMO the economy hasnt bottomed.
4. Steve said...
This is another example of how desperate Right Move and other EAs are to try and big up the market. Don't be suckered in to buying now. The property market has a long way further to fall and is unlikely to recover for years. Any upward blip is temporary and will result in a future sharper drop downwards.
5. crash n burn said...
A fool and his money soon part. Having said that, it is irrelevent what FTBs think if they can't get the financing.
6. James said...
Cant see it.
You really do get the impression that Vested Interest parties with some influence contact sites like this.
Or did they get such a barrage of comments, by people who knew the article to be a lie, that they closed down the site temporarily?
Either way, this story link crashed, closely followed by Citywire temporarily crashing.