Improving access to mortgages hasn't halted lack of confidence

The proportion of consumers surveyed in the September 2010 BSA Property Tracker Survey who do not think that this is a good time to buy a property has risen to 26% in September from 21% in June.

The lack of job security and the ability to raise a deposit remain the greatest barriers to property purchase with 56% of respondents choosing each of these barriers. Furthermore, the average 12 month house price forecast was flat in September compared to a 2.4% rise in June. 

Paul Broadhead, Head of Mortgage Policy at the BSA comments on the survey results: "It is clear that concerns about future falls in property prices are having a significant impact on consumer confidence. Whilst the survey indicates that consumers perceive access to a mortgage as less of an issue than in March (50% in September compared to 57% in March), job security remains a barrier to house purchase and is likely to remain so until there is greater confidence in the strength of the economy.