Friday, April 30, 2010
People are looking for houses, but not for mortgages
Interest in house-buying jumped in the first quarter of this year if internet searches are to be believed, with the number of UK residents searching the term "houses for sale" increasing by nearly a third year-on-year. At the same time, searches for mortgages declined 22pc, indicating perhaps that while there may growing interest in the property market the number of people who feel able to finance a purchase may be limited. David Smith, senior partner at UK property consultancy Carter Jonas, said: "Many buyers are sitting on their hands, waiting to see how the election and a second potential Budget pan out before they commit to transact."