Date:Friday 24th December 2010
Author: Susanna Kavka
The actions of UK lenders are holding back the housing market, an expert from newhomesforsale.co.uk has claimed, but consumer confidence could be set to increase in the coming year.
Vernon Pethard, managing director of the website, suggested policies implemented by the coalition appear to be receiving a degree of support from the public.
He explained that certain unpopular issues are being tackled by the government and this is improving confidence levels among homebuyers.
“The outlook for 2011 is looking positive for the new homes marketplace with many new developments being released, hampered only by lenders,” said Mr Pethard.
In his opinion, one area in which the government could aid first-time buyers is in ensuring that lenders take a lenient view of people’s finances with regards to student loans.
Buyers could be set to enjoy lower house prices in the coming year, as the Royal Institution of Chartered Surveyors has predicted a drop in value of two per cent over the next 12 months.