Home is where the head (or heart) is?SOLD sign

 

Market research proves that although the number of first time buyers is at its highest since 2007, it’s still nearly 50% lower than in 2006.  Three quarters of people currently privately renting a home think it will take 5 years to save a deposit.

The British remain determined to get on the property ladder. A survey by Martin & Co, the UK’s leading residential letting agent and property management business found two thirds of respondents believe land & property are the best place to invest, compared to stocks and shares, pensions and savings.

Its finance which is holding people back - 67% said it was the main reason stopping them owning their own home. It’s not a lack of motivation – over 95% of respondents would give up buying some of the things they love in order to own a home.

Would you borrow from the bank of Mum and Dad?

But the survey found little evidence that people are prepared to borrow from the bank of Mum & Dad as only 5% of people would borrow from this source.

Feelings were mixed toward Estate Agents with over a quarter (26.10%) valuing their services but thinking they are quite expensive and almost one third (30.3%) thought that Estate Agents are a waste of money.

Martin & Co has just under 200 agents across the UK, and now over half of them are offering a sales service since launch last year.  For more information or to contact visit www.martinco.comGarmin Sat Nav

 

Congratulations to Shaun Ellis from North Petherwin who wins the Garmin Sat Nav

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