The March 2011 BSA Property Tracker survey suggests that demand for property purchase may remain weak, but that people still aspire to ultimately own their own home.
The Building Societies Association’s latest Property Tracker indicates that 41% of people think that it would currently be a good time to buy, down from 43% in December.
At the same time, 29% disagree that it would be good to buy now, up from 26% in the last survey.
The proportion saying that a lack of job security was a barrier to purchasing property increased to 57% in March from 53% in December and 58% of respondents also cited raising a deposit as a barrier to purchase.
The leading reasons that people cited for aiming to become homeowners were because they would take pride in their property, that they could make a place their own, because it provides stability and security, and that it increases their wealth over time.
Paul Broadhead, head of mortgage policy at the BSA, said: “The Property Tracker indicates that people continue to aspire to own their own home
