"Housing market confidence bounces back" - Rentman

  • Date: 30/03/2015

'A survey carried out by YouGov on behalf of the the HomeOwners Alliance, myhomemove and BLP Insurance found that issues such as stamp duty and negative equity are no longer such a concern for the British public. The number of people worried by both of these factors has dropped by around ten per cent compared to last year.

'One in three of the people surveyed said the government's reforms to stamp duty have made it easier for them to buy their first home or move up the property ladder. Some 51 per cent of respondents said this issue still represents a cause for concern - down from 64 per cent 12 months ago.

'Despite the improved sentiment, Wayne Tonge, Head of Sales at BLP Insurance, provided a word of caution: "As confidence in the housing market makes a welcome return homeowners must keep their feet on the ground. When the market recovers and the money starts to flow, standards will potentially drop and aspiring homeowners should be taking steps to protect one of the largest investments they are ever likely to make." '

To read the full article visit the Rentman website.

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