More House Buyers Advancing their Plans

Posted 2008-01-12

One in ten people thinking of buying a house have brought their plans forward, a survey says.

The report by fool.co.uk said that of the people currently planning to buy property, 38 per cent want to do it in 2008 and 34 per cent are planning to do it in 2009.

David Kuo, personal finance boss at Fool.co.uk, said: “The long-overdue correction in the property market will allow many people who have been waiting to move house to finally realise their dream.

“Often people ask how much they can borrow when they want to buy, but they should be asking themselves how much they can afford to repay.”

The report also suggests that over the next five years for every four people trying to buy a house five will be trying to sell.

Fool.co.uk is a company trying to get people to change the way they look at money issues.

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