Brits still applying for expensive
Many Britons are still buying houses and feel it
is a good long term investment.
Figures estimated that 71 per cent of people still
think that buying a house is a good idea, 93 per cent of UK people
feel that mortgage costs, interest rates will keep on rising past
'Property for Life' researchers have showed that
six per cent of people within the UK think house prices will drop,
74 per cent feel there will be more growth and 20 per cent feel
that it will be stable.
Property for Life managing director,
David Austin commented,"Interest rates have risen steadily
since mid-2005, but despite further predicted rises, the residential
housing market shows no sign of contracting,"
Nearly 59 per cent of people within the UK think
that interest rates will rise more and more each quarter.
"What is interesting is that, although nine
out of ten people predict further interest rate rises, only one-third
feel that this is actually necessary," Mr Austin spoke.
On an overview it is certain that property is a
good investment and figures have proved that taking on a mortgage
is still the way forward.