Thursday, April 16, 2009
More Property ramping publication
Four million homeowners in the UK are playing a waiting game with the property market, watching for the best moment to trade up and cash in on cheaper home-ownership before prices start to rise. According to research from First Direct, these homeowners are now sitting on a savings pot of £20.2bn which is ready to be ploughed into the housing market when the time is right.The survey found 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. One in six (15 per cent) of respondents said that house prices would return to steady growth by the end of 2009. However, a further 16 per cent expect to wait until after 2012 to see steadily rising prices again.