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House buyers should join market now
Those wishing to buy a property should enter the market now as demand will fuel prices in future, buyers are being told.
Mortgage Introducer quoted the Assetz House Price Watch's latest report which claims there is much pent up demand from buyers who are waiting to afford a property.
It predicts a steady rise in prices in the second half of 2009 as buyers flood the market when it improves.
Rental demand is expected to continue as fewer first-time buyers have entered the market in recent months.
Mortgage Introducer quoted Stuart Law, Assetz chief executive, as calling the current time "a period of weakness, not a crash".
In April, Assetz said statistics proved there was "no housing crash", with March prices down just 1.5 per cent since the October 2007 peak.
Assetz also noted that three month average prices for annualised house price growth had in fact "bounced back" since the start of 2007.
