Homehunters need to see at least eight properties before deciding to buy: Property news roundup

Plus, selling times in Glasgow, and bridging finance figures

A third of homehunters take two to three months to choose their next home, says a new report, with more than half knowing they've found the right one during their first viewing.

The study from E.ON also shows that those looking to buy need to visit eight homes before plumping for one, with only eight per cent saying they would be happy to buy the first house they see.

Three per cent of buyers even say they feel they know the property is the 'right on' as soon as they are aware of it being on the market.

The survey of over 2,000 adults suggests that location ranks highest when making a property purchase with three quarters making it the key factor, followed by mortgage costs (56 per cent), size (53 per cent) and the amount of work needed on a property (40 per cent).

In terms of energy efficiency, over three-quarters of first time buyers say it's very important, while most people feel that a new build will be the most energy efficient type of property (85 per cent) and Edwardian homes least (two per cent).

Indeed, a separate report by Ocean Finance shows that one in eight people admit that their home lacks energy efficiency and has poor insulation. Of those who had invested in improvements, 79 per cent had installed double glazing, two thirds had put in loft insulation, and just over half had fitted a more efficient boiler.

Two thirds of those asked said that the best thing about owning a property is the long-term investment potential and the security of knowing you won't have to move unless you want to. A quarter also said that being able to get a pet was an important reasons to buy.

Selling homes in Glasgow

House prices in Glasgow and the west of Scotland rose by five per cent in the last three months while selling times fell by almost 20 per cent compared to this time last year, according to figures from the Glasgow Solicitors Property Centre. Properties are now selling faster than at any time since 2008.

The average number of days it takes to sell a home in the West of Scotland is now 73, less than half the time it took to sell a house in 2011

"Falling selling times, moderately rising prices and a rise in the number of homes being put up for sale are all welcome signs of an improving market," said GSPC Chief Executive, Mark Hordern. "But it’s important to put this recovery into context. House prices today in the west of Scotland are still, on average, 12 per cent below their peak.  And sales are still significantly below their long-term average.  It will take a good deal more improvement before we can say that the market has recovered."

Bridging finance

Help to Buy has provided less than half the funding for new homes in its first 14 months than alternative finance, according to West One Loans.

Its figures show that while the first phase of Help to Buy has delivered equity loans worth £941 million, over the same period, gross lending via the bridging loan industry has totalled £2.38 billion.

"New homes are the fundamental fuel of a healthy property market so the government and Bank of England are right to highlight the dangerous squeeze in the supply of property," said Duncan Kreeger, director of West One Loans.

"But there are other ways to supply new homes. We need to make far better use of the buildings we already have. Thousands of under-loved and under-occupied properties are still left waiting for refurbishment or conversion. Property developers and potential landlords just need the right sort of finance to get these empty offices or dilapidated blocks of flats to a decent standard and on the market. Flexibility is king and government schemes can only do so much."

Discover more property articles at Homes and Property
PROMOTED VIDEO
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Account Manager

£20000 - £35000 per annum: Recruitment Genius: This full service social media ...

Recruitment Genius: Data Analyst - Online Marketing

£24000 - £35000 per annum: Recruitment Genius: We are 'Changemakers in retail'...

Austen Lloyd: Senior Residential Conveyancer

Very Competitive: Austen Lloyd: Senior Conveyancer - South West We are see...

Austen Lloyd: Residential / Commercial Property Solicitor

Excellent Salary: Austen Lloyd: DORSET MARKET TOWN - SENIOR PROPERTY SOLICITOR...

Day In a Page

Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there