Alliance & Leicester Mortgages finds waiting homebuyers face costs
www.moneynews.co.uk > Mortgages > Alliance & Leicester Mortgages finds waiting homebuyers face costs
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Alliance & Leicester Mortgages finds waiting homebuyers face costs
Thu 10th Nov 2005
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However, three quarters of respondents say that they have seen house prices rise in the time that they are waiting, with the average amount that a property rose totalling £33,689.
Alliance & Leicester Mortgages has revealed that currently almost 80 per cent of people think that property is overpriced. A further15 per cent saying that they are waiting for prices to fall.
Stephen Leonard, director of mortgages at Alliance & Leicester, said: "The research highlights that some homebuyers are playing the waiting game to see if house prices will fall.
"In recent years the majority of those who waited to see if house prices would fall before, found that they had waited in vain since prices rose on average by £33,000 whilst they waited."
Nevertheless, Alliance & Leicester Mortgages has also found that people are still purchasing property, despite believing it is overpriced, because they have no other option.
Related News : Mortgages |
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Related News : Alliance & Leicester |
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