Confidence In Nottingham Property 'On The Rise' Suggests One Expert

Confidence in the Nottingham property market may be on the rise, with one expert suggesting that consumers across the UK are increasingly optimistic.

Jon Brown, partner relationship manager at iammoving.com, suggested that real estate prospects are picking up.

His comments were made in the wake of the release of figures produced by the Council of Mortgage Lenders, which revealed that gross lending in March totalled £11.5 billion.

This was up on the £9.3 billion recorded during the previous month, the organisation noted.
Mr Brown remarked: "Fortunately people's faith in borrowing is slowly being restored while at the same time many areas of the UK are reporting an increase in property values or at least a stabilisation of prices."

He went on to suggest that because the housing market is now seen to be out of the dip precipitated by the recession, more individuals are placing their homes on the market.
In addition, a rising number of consumers are considering buying new homes, he added.