LONDON, March 21, 2012 /PRNewswire/ --
A leading property insurance provider, PropertyQuoteDirect, has been considering the current state of the housing market as they look at how it has performed so far in 2012 in order to offer insight into how it will continue to perform as we now, thankfully, move towards the Spring.
Joe de Vries, of PropertyQuoteDirect, has been explaining: "In the first quarter of 2012 we've seen that house prices are around 16% higher than the same time last year. This represents some fantastic year on year progress for the housing market and should give those looking to sell, in particular, confidence."
Mr de Vries went on to add the following: "Whilst this is fantastic news for those looking to sell, it does mean that first time buyers are likely to continue to struggle due to the ongoing overall economic downturn. The housing market has been so shaky in recent times that, at this stage, it's difficult to predict where it will go from here. All we can hope for is gradual increases quarter upon quarter or, failing that, some prolonged stability."
Another factor that may have an impact on first time buyers is the fact that the stamp duty holiday is set to end this month; this will inevitably deter potential new buyers from the housing market.
PropertyQuoteDirect is a part of the Bedford Insurance Group and they provide a number of insurance covers, such as property insurance and landlords insurance. If you'd like to request a quote then please visit the PropertyQuoteDirect website to fill out a quotation form.
Joe de Vries