Upturn in first-time buyers as they come to terms with the downturn
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.
consumer confidence
Growing market mismatch as two in five sellers state they are looking to trade down
Respondents who stated they intend to sell over the next 12 months were asked their main motivation for moving.
Home-movers believe prices are still above ‘fair and reasonable’ levels
The overwhelming view is that property prices will be the same or higher in a years’ time.
Suitable stock emerges as the major buyer concern
Half of those intending to buy in the next 12 months state that finding a suitable property to buy is their single biggest concern.
House price confidence is strongly influenced by mortgage-related factors
There is evidence that house price confidence is steered by their interpretation of mortgage availability.
House price optimism is on the up
More than a third of respondents (35%) expect house prices to be higher one year from now.
Tenants expecting rents to increase
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.
Prospective first-time buyer levels at their highest for 12 months in Wales
Although first-time buyers numbers in Wales remain down on traditional levels, the upturn offers an encouraging sign that things may be improving.