2011 Predicted As Best Time to Buy a Home

Although many are at the ready to paint a very gloomy picture for the current market in house sales; a study by the BSA (Building Societies Association) has revealed that 2011 could be the best time to buy your new home.

Estate Agents have got plenty of properties in their windows ready to sell, the main problem has been for potential buyers to secure affordable mortgages from lenders with first time buyers not managing to set foot on the first rung of the property ladder.

This, teamed with continued concerns over redundancies in the job market has seemingly deterred consumers from browsing the overabundance of homes for sale. However, despite most reports suggesting that buyers have lost interest in making a purchase, the BSA's survey has revealed that 59% of over 2,000 people asked in its property tracker poll, would buy immediately or certainly within the next year, should they be given adequate funding. A further 11% were said to have answered that they would like to make a purchase within the next 2 years.