9
Jan
Homebuyers mulling purchases in face of price moderation
UK homebuyers have been spurred into action by signs that house
prices appear to be moderating, a new study shows.
According to research from personal finance website Fool.co.uk, one
in ten UK homebuyers have been encouraged by a slowing in the rate
of house price growth and are now preparing to take the
plunge.
Of these 38 per cent said they were now planning to buy a home this
year, while 34 per cent have earmarked 2009 as the date they invest
in a property.
David Kuo, head of personal finance at Fool.co.uk, said: "The
long-overdue correction in the property market will allow many
people who have been waiting to move house to finally realise their
dream."
Should house price growth fall in 2008 it would bring an end to a
seven-year period of accelerated growth during which time the
average home appreciated in value by 13 per cent per year,
according to data from Fool.co.uk.
