Housing Market Update

A survey carried out by Halifax has discovered confidence in the housing market has hit a five-year low.

The survey shows 1 in 5 people think house prices are going to fall next year with under 25’s and people living in London are the least optimistic.

There is a growing concern with inflation rising and interest rates on the verge of increasing, how strong is our economy.

Surprisingly the biggest worry for those surveyed was getting a deposit together with only 15% of the 2000 surveyed saying they were concerned about higher interest rates.

Job security was also high on the list of being a worry for those looking to buy.
With confidence low many people are expecting a slowdown in the market.

If you would like to discuss this, or any anything else, contact our advisers today on 01202 937444 or visit our other websites to speak to a mortgage broker in Reading or a mortgage broker in Bournemouth