Most homeowners would not consider selling their property if house prices were to fall, and some would even consider buying more property, according to a report from the Building Societies Association (BSA).
The report also claims most people choose to buy for the satisfaction of owning a home, rather than for financial motivations of capital appreciation The BSA report into UK public attitudes to homeownership found 88% of homeowners felt ‘nesting’ (owning a home for the stability offered) was more important than capital gains. Only 45% of those surveyed felt that making money was important when buying property. The report also claims those who do invest in property for financial reasons are doing so with a long-term outlook. Nine in ten property investors see their portfolio as a good inves...
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