Housing report bodes well for equity release

Posted in General

16th April 2010

The housing market appears to be going in the right direction for those wanting to release equity from their home.

The new report from the National Association of Estate Agents shows that on average there were more house sales per branch in March (8) than in February (6.8). On top of this, the average number of house-hunters registered with estate agents increased as well.

Whilst the number of first time buyers decreased slightly, it is expected to rise once the stamp duty threshold rules come into force in April. This should drive up the number of total sales.

These new figures show that the market is looking relatively healthy, which could see house prices rise, meaning that entering into an equity release scheme should earn householders more money.

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