Friday, April 30, 2010

People are looking for houses, but not for mortgages

Internet searches show Britons are back on the housing hunt

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."

Posted by drewster @ 09:56 AM (1795 views)
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9 thoughts on “People are looking for houses, but not for mortgages

  • happy mondays says:

    Yes, because it’s never been such good time to buy! Are people really that blinkered?

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  • people are just checking prices I find myself doing it daily it doesnt mean i am going to run out and start buying, not with what is going to happen after election it would be financial suicide..

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  • Searching – for what price to sell at?

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  • Bet the stats on “Porsche 911” are higher. Are we to assume Porche sales will rocket too ?

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  • justwatching says:

    LR data?

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  • justwatching says:

    Just testing to see if I’d remembered my password correctly, not used it in a while.
    LR data, this month, real, actual sales, down 0.6% MOM.
    Now, nowt to get too exited about, but I wonder when the BEEB will report this one?????????

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  • This reminds me of my local estate agent basing interest on properties by the amount of people on their mailing list.
    Have a few positive news stories and you would notice an increase in housing related searches, but this doesn’t really equal more people looking to buy houses.

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  • markj69 str05 says:

    Next they’ll be saying ‘Interest in house purchasing has increased because more and more people are walking passed EA’s windows’, but they won’t let on that the jobcentre and citizens advise bureau are next door!

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  • sibley's b'stard child says:

    Image and video hosting by TinyPic

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