Many Are Fast-Forwarding Their Plans Of Buying A House

Posted 2008-01-13

A new report suggests that nearly one in ten people who were planning to buy a house have fast forwarded their plans.

38 percent of the people, who want to buy a house, want to do it this year and nearly 34 percent are planning to buy one in 2009. This is per a survey that was conducted by fool.co.uk

Fool.co.uk’s, head od personal finance, David Kuo stated that given the current situation in the market, many people will realize their dream of buying a house. What these people should be asking is, how much can I afford to repay as against asking, how much can I borrow?

The report states that, the next five years or so will see more sellers than buyers, which means there will be five sellers for every four people who want to buy a house.

Fool.co.uk is an organisation that aims to redefine the people’s perception of finance.

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