'Buyers market' is now

Date: 21/01/2009 15:49

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Dropping property prices in the UK mean now is an ideal time to buy a new house, it has been suggested.

Money saved on a home purchase could be used for other important items needed for a new home, such as appliances, new furniture or decent home insurance cover.

David Amstell, founder of online property site Briffy.com, said that there is now choice in the market for those looking to buy.

He said that it was "definitely a buyers' market" and commented on the amount of choice for those looking to purchase a new home.

The market could also be ideal for those who want to upsize due to a new arrival to the family or a need for some more living space.

According to figures published by propertyfinder.com this time last year, it was easier for people to trade up from a one-bedroom house to a two-bedroom house as the money gap between such properties was lower than in 2007.

InsureandGo home insurance can cover any damages to items in houses big or small, all for a low-cost price.
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