Search Acumen comments on the Building Societies Association’s latest Property Tracker
Mark Riddick, chairman of Search Acumen, comments on latest BSA Property Tracker:
“The return of optimism to the housing market is a welcome sign that we’ve waded through the seasonal slowdown and can expect another busy year in 2015. Today’s report from the BSA shows election year anxiety and fears of deflation have not put a dent in the British dream of homeownership.
“The bounce up from a 9% low in September to 23% of people sensing now is a good time to buy property, is a great turning point but should not be a cause of hubris for political parties. We are still waiting on politicians to deliver an effective solution to the housing crisis and overcome the lack of affordable housing that is blighting ‘generation rent.”
“In the meantime, the upswing in buyer confidence suggests now is the opportune moment for conveyancers to brace themselves for a busy spring. Those firms with ambitions to grow should tilt their focus towards honing their internal systems and processes, so they are ready to handle large volumes of transactions and take advantage of the flourishing housing market.”
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