The results of a recently conducted survey have shown that many people in Britain think that now is a good time to buy a home, despite the difficulties in the mortgage markets.

The survey was carried out by the Building Societies Association, and showed that whilst mortgage lending was still restricted compared to a couple of years ago the majority of Brits thought that it was starting to ease. This, coupled with the low interest rate and reports that the property market is showing signs of improvement, led the majority of those surveyed to conclude that now was a good time to buy.

Out of the people that were polled by the Building Societies Association around 58 percent either strongly agreed or agreed that now was a good time to buy residential property.

The survey was conducted by YouGov on behalf of the Building Societies Association and involved polling over two thousand adults in Britain. The Royal Institute of Chartered Surveyors has already reported an increase in both activity in the property market and in sales levels in the three months to September.

One official from the Building Societies Association said that consumer confidence in the property market was improving, and he stated: “Homebuyers are increasingly viewing the property market in a positive light. With mortgage availability perceived to be increasing, prospective buyers are more confident of securing funding to purchase a property.”

The survey showed that only 19 percent of those polled did not think that now was a good time to buy, and this was a sharp drop from a similar survey that was carried out last year. In the previous survey nearly 50 percent has said that it was not a good time to buy, and just 34 percent had said that it was a good time to buy.

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