A recent survey has revealed that rising rents are the motivation behind more than 50 per cent of those surveyed wanting to buy in the next two years.
The Mortgage Choice Future First Homebuyer Survey revealed potential buyers were also keen to set themselves up for the future.
The biggest concern among those surveyed was the effect that increasing housing prices would have on their ability to enter the market. It seems that this is creating a sense of urgency with many thinking that it was time to seriously consider making a move or they may be left behind.
Many are thinking they need to get in soon or they may not ever be able to afford the type of home that they would prefer.
The rental market will also start to come under increased upward pressure due to the lack of new housing construction.
The Mortgage Choice Future First Homebuyer Survey revealed potential buyers were also keen to set themselves up for the future.
The biggest concern among those surveyed was the effect that increasing housing prices would have on their ability to enter the market. It seems that this is creating a sense of urgency with many thinking that it was time to seriously consider making a move or they may be left behind.
Many are thinking they need to get in soon or they may not ever be able to afford the type of home that they would prefer.
The rental market will also start to come under increased upward pressure due to the lack of new housing construction.
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