There are mortgages available for those who look for them, claims one property expert.
Stuart Law, chief executive of Assetz, the
property investment advisor, says people need to act sooner rather than later so they do not miss out on the best deals.
"The buyer interest is there, and they are seeing a property and then they are starting to look at whether a mortgage is available. That's slowing things down," he claims.
Mr Law also believes there are more products out there than people realise, which is helping to hold up the market.
He predicts that by the summer, there will be a "substantial interest in actual transactions", with it not being surprising there is a delay in the number of transactions coming through the market.
The Rics Housing Market Survey March 2009 found that the seasonally-adjusted balance of surveyors reporting falling rather than rising prices deteriorated again slightly from 76.6 in January to 78.3 in February.
See Also: Property News (6705)
Date Published: 13 March 2009
Related News
