21
Apr
UK property market 'is picking up'
The property market in the UK is picking up, according to one
industry practitioner.
Jon Brown, partner relationship manager at iammoving.com, suggested
that confidence is returning among consumers.
He made his comments following the release of figures produced by
the Council of Mortgage Lenders, which suggested that gross lending
in March totalled £11.5 billion.
This was a 24 per cent rise on the £9.3 billion recorded
during the previous month, the organisation revealed.
Mr Brown stated: "Fortunately people's faith in borrowing is slowly
being restored while at the same time many areas of the UK are
reporting an increase in property values or at least a
stabilisation of prices."
He added that because the housing market is now seen to be out of
its dip, more people are placing their residences on the
market.
Also, a rising number of consumers are considering purchasing
homes, the expert went on to note.
