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UK Property Portal News: Confidence in buying a house rises in 2012
Brits have more confidence in buying a home in 2012 than in previous years.
A study published this week by Santander shows that 3.7 million people will be looking to a buy a new home this year.
This figure builds on recent statistics from the Council of Mortgage Lenders (CML) which stated that mortgage applications rose by four per cent in November compared to October.
And younger people now seem to be leading the way, with 12 per cent of 18 to 34 year-olds surveyed saying that 2012 is likely to be the year in which they dip their proverbial toe into the property market.
Phil Cliff, director of Santander Mortgages, said: "People are becoming more upbeat about their prospects of purchasing a new home this year.
"It's been a tough few years for the property market overall, but prices have made a steady recovery so there's every reason to feel cautiously optimistic."
Online advisory service unbiased.co.uk said that the past 12 months has seen a sharp rise in first-time buyers coming to them for mortgage information.
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