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47% of homebuyers think prices will rise by up to 10% this year

47% of prospective homebuyers think prices will rise by up to 10% in the coming year.

A recent survey of 2,521 people shows that housing stock is the most important issue facing prospective buyers, with 50% saying more stock on the market would encourage them to buy now.

Meanwhile, the findings show that prospective homebuyers have largely not been impacted by Covid-related job losses and income drops, with 59% of respondents able to save more money for a deposit.

According to the survey, half of respondents agree that the home-buying market is more competitive now than it was before Covid-19 emerged.

Looking ahead, 40% of respondents believe the next year will represent a good time to buy property.

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