A New Survey From Rightmove - Problems For House Hunters And Renters!
According to a recent survey conducted on behalf of rightmove.co.uk the two biggest problems facing would-be property buyers are the escalating cost of homes on sale followed by too few of them being on the market in the build up to the May 7th general election.
The survey of almost 1,500 people conducted earlier this month shows that the single biggest worry among home-hunters is that house prices are too high (38%), with a lack of choice in the market coming in second (17%).
The next biggest concern was over rents - predictably, they were also too high according to 11% of the survey participants.
A shortage of affordable homes and problems in securing mortgages were the next most common problems cited by those taking part.
The most recent Rightmove house price index this week reported an all-time high in asking prices of £286,133, as transactions fall ahead of the general election. It seems sellers are waiting for the election results before deciding to sell or stay.
"Failure to meet house-building targets to match forecast housing demand has been a major factor in upwards price pressure both in the property sales and private rented sectors" says Rightmove commercial director Miles Shipside.
He continued, "Over the next five years politicians of all stripes can't just hope that this problem will go away - Britain needs more homes, and over the long term, investment by landlords will only provide places to live as quickly as those homes are given planning permission and completed".
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Written by Deb Roberts
Source Estates IT Ltd