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The survey by mortgage lender Halifax showed the
balance of people who felt it was a good time to buy fell
sharply by 29 points to 5 in the second quarter, the largest
fall in this measure since the survey began in April 2011.
Conversely, 57 percent felt it would be a good time to sell in
the next year, with 32 percent thinking it would be bad.
Britain's housing market has had a rapid recovery, with prices
rising by an annual 11 percent nationally by one measure. A lack
of new homes coming onto the market has been cited as an
important factor.
Bank of England Governor Mark Carney last week reiterated his
view that the housing market represented the biggest domestic
risk to Britain's economic recovery.
However, there have been some signs that the market might be
cooling off including a fall in measures of house prices
compiled by Halifax and the Royal Institution of Chartered
Surveyors
"People believe that it's a good time to sell but not buy,
particularly in London and the South East where house price
expectations are generally higher and buyers appear to be less
inclined to rush into buying a property as we have seen over the
past 12 months," said Halifax Mortgages Director Craig McKinlay.
Positive sentiment towards selling was highest in the East and
South East, where 65 percent of respondents thought it would be
a good time to sell. In Scotland, only 36 percent felt positive.
Halifax said that seven in 10 British adults predict the average
UK house price will rise over the next year. The proportion who
cited rising property prices as a barrier to buying rose by 6
points to 35 percent.
(Reporting by Tess Little; editing by William Schomberg; Editing
by Toby Chopra)
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