Low interest rates are giving homebuyers more time to find their perfect properties, an expert has stated.
Lisa Walker, marketing director at fish4homes, has revealed that many people feel they no longer have to turn to the rental market as they have longer to choose where to buy.
"The family rental market, predominantly comprising of houses, appears to be remaining stable," the expert commented.
Many one and two-bedroom properties are now being bought for investment purposes, Ms Walker added, with landlords finding it difficult to find tenants because they are more interested in buying for themselves.
Nationwide has reported that the average house price fell by 0.4 per cent in April, compared to a rise of 0.9 per cent in the previous month.
The average property cost £151,861 last month while prices have fallen by 15 per cent in the past twelve months, the research showed.
See Also: Property News (0)
Date Published: 28 May 2009
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