According to research from mform.co.uk, despite rising interest rates and property prices, around seven per cent of the adult population in the UK are anticipating a move in the housing market.
The London property market looks like it will be the most lively, where 10 per cent of people are planning to purchase a new home between now and July – the highest in the country. This compares to 4 per cent in East Anglia, which is the lowest in the country.
Region / Percentage of people planning to purchase a new home between February and July 2007 / Number of people planning to purchase a new home between February and July 2007
London / 10 per cent / 959,000
Wales/West / 7 per cent / 291,410
South West / 7 per cent / 117,880
South / 6 per cent / 258,000
North East / 6 per cent / 133,680
Scotland / 6 per cent / 253,380
Midlands / 6 per cent / 409,800
Yorkshire/Humberside / 5 per cent / 255,000
Lancashire / 5 per cent / 233,900
Anglia / 4 per cent / 123,200
Eamonn Rice, chief executive of mform.co.uk, said: "We estimate that between 2001 and 2006, the average annual amount spent on mortgages by people with home loans increased from around £4,600 to £6,600 and it will be nearer £7,000 now. Despite the fact that house prices and interest rates are likely to rise, the number of people looking to purchase a new home is still very high."
