What problems have buyers in the UK?

More than a quarter, about 28% of buyers, second time buying residential property in the UK, see the problem is that their own capital is not allow to make them a deal, and the price of their property does not change or even decreases.

About a third of respondents buyers stop the costs associated with moving and one of only 12 trusts on the funding of the family in case of moving. The costs associated with the purchase of a second home, you must lay the lawyer’s fees for processing the transaction and stamp duty. The average for the UK, these costs result in the sum of £7279, and for buyers in London, the average amount of cost when the purchase reaches £12313.

Therefore, buyers who decided to buy their second home, it is often necessary to seek the assistance of their parents, partners, or looking for extra income.

Earlier, before the 2008 crisis, it was believed that problems with the purchase of their own homes can only arise from first-time buyers a house or apartment. Residential property in the UK are always rising in price and the owner is guaranteed to sell it more than paid for it previously. Now, because of stognatsii or price reduction on their own property and the lack of available offers in the market, buyers have decided to move to a larger house, faced with fewer difficulties. In addition, the situation is exacerbated by the need to repeatedly bear the costs for the purchase.

According to a survey conducted among customers who decided to change their homes, 17% are unable to sell their first home and 16% are unable to find the property that fits their needs.

The study also revealed the following trend: those buyers who for the second time embarking on the thorny path of finding for themselves a new home, use your past experience of buying property, in order not to repeat the mistakes. About 33 % of respondents said that they would more carefully examine the area that they are considering as your new residence before you make a decision about moving. While 31% of respondents admitted that they would like to save a lot of money for incidental expenses that may arise as a result of the move.

® Helen Entree. 03.07.2013