Britons Now More Concerned with House Buying

Britons are feeling much less positive about buying a house while sentiment toward selling is improving, according to a survey on Monday which added to other suggestions that the housing market is losing a bit of steam.

The survey by mortgage lender Halifax showed the balance of people who felt it was a good time to buy fell sharply by 29 points to 5 in the second quarter, the largest fall in this measure since the survey began in April 2011.

Conversely, 57 percent felt it would be a good time to sell in the next year, with 32 percent thinking it would be bad.  Britain’s housing market has had a rapid recovery, with prices rising by an annual 11 percent nationally by one measure. A lack of new homes coming onto the market has been cited as an important factor.

Reuters

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