More buyers needed to help market recovery

by Rachel Crook

More people need to emerge as buyers for the property market to undergo a sustained recovery, it has been stated.

Content editor at real estate portal FindaProperty.com Michael Flynn said there has been a clear trend in recent months for buyer numbers to rise, despite the Hometrack survey for April revealing a slower increase than in March.

He observed: "The month-on-month data can be volatile and longer underlying trends are more reliable."

Even so, Mr Flynn noted, the figures for the number of prospective purchasers are still "historically" low and he argued that "the market won't improve unless that picks up".

The Hometrack figures for April showed an increase of 14.9 per cent in the number of would-be house buyers, compared with 18.6 per cent in March.

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Published on: April 29, 2009

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