Posts Tagged ‘consumer confidence’

The proportion of intending home-buyers over the next year who will be purchasing for the 1st time is at its highest level for nearly 3 years.

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Respondents who stated they intend to sell over the next 12 months were asked their main motivation for moving.

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The overwhelming view is that property prices will be the same or higher in a years’ time.

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Half of those intending to buy in the next 12 months state that finding a suitable property to buy is their single biggest concern.

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There is evidence that house price confidence is steered by their interpretation of mortgage availability.

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More than a third of respondents (35%) expect house prices to be higher one year from now.

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Rightmove’s latest Consumer Confidence Survey finds that nearly half (49%) of current tenants are of the opinion that average rents will be higher 12 months from now, providing more evidence of the continued strength of the rental sector.

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Although first-time buyers numbers in Wales remain down on traditional levels, the upturn offers an encouraging sign that things may be improving.

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In London the proportion was far higher that the national average with 42% of buyers stating they would be purchasing for the first time, an increase from 38.2% in Q1.

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Rightmove’s most recent Consumer Confidence Survey has revealed some encouraging news that prospective first-time buyer levels are now at their highest for 12 months.

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Our Q2 2011 First-Time Buyer Report was released this week and revealed that first-time buyer levels have reached their highest for 12 months. The results this quarter find that prospective first-time buyers are up to 26.2%, their highest since the 26.3% recorded in Q2 2010.

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Rightmove’s second Consumer Confidence Survey of 2011 reveals a drop in the proportion of people expecting house prices to fall over the next year.

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