Confidence in property market high
The largest consumer property census has confirmed that British buyers and sellers have long term confidence in the market
With over 32,000 responses, the consumer property study has surveyed sentiment in the property market from buyers, landlords, investors, tenants and sellers.
The findings reflect what the company calls ‘the general public’s long-term optimism and confidence in property.’ It found that only 6% of existing landlords are looking to sell their properties, and what’s more 58% intend to buy more properties, while buy to let investors are confident that their properties will gain in value over time.
Firs-time buyers also seem buoyant and the survey found that 22% of first-time buyers are aged over 35, and over half are between 25 and 34, whilst a small figure – 1% – were over 55.
The respondents said they think it’s hugely important to market your property online, and 83% of all buyers responding to the census found the internet more useful than traditional property newspapers for finding their new home.
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