A survey from the Building Societies Association (BSA) has suggested that people in the UK think now is a good time to buy property.

Whereas 54 per cent of consumers thought a home purchase was a positive move to make in March, this figure rose to 59 per cent this month.

Private landlords may be among those looking to buy bricks and mortar, but according to Property Hawk website editor Chris Horne, they should see any buy-to-let investment as a long-term project.

The BSA also revealed that confidence has increased considerably year-on-year - only 27 per cent of people in the UK thought it was good time to buy a home in June 2008.

Paul Broadhead, head of mortgage policy at the BSA, said: "People clearly recognise that with both property prices and mortgage rates having fallen, there are potential bargains to be found meaning that now is a good time to buy."

Written by Sarah Field
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