The number of people in the UK who think that now is a
good time to buy a home is at its lowest level since June 2008, new research
shows. Just 29% believe that now is a good time to buy, down from 40% three months
ago, according to the latest property tracker report from the Building
Societies Association. At a time when there is a lot of talk about limiting
house price growth, the report also indicates that new mortgage lending
regulations, affordability constraints and media scrutiny may be beginning to
have a limiting effect, suggesting that the intervention that is being
discussed by the Bank of England and politicians may not be necessary. Read
more on the Property Wire website.
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