Additionally, Property Finder’s research found that one third of respondents believe that now is the right time to buy, and that 16 percent have bought in the last six months.
Another 39 percent are ready to buy and willing to do so before the end of 2018, the survey found.
Abad added that “two of the biggest pain points with these potential buyers is not enough affordable stock which fits their income and the difficulty to save for the down payment.”
Property Finder said over the last three to four years, sales prices have fallen faster than rents, “making houses for would-be buyers not only more affordable, but a good investment option as opposed to one continuing to rent.”
“Additionally, prices are better maintained as investors are more prone to offer bigger discounts when they want to sell, rather than families who’ve made a lifetime investment in a nest.”