Confidence rises in property sector

General confidence levels across the property market could be on the rise, according to a financial website.

Moneysupermarket.com has noted that its search figures are showing a trend of positive movement within the housing sector.

This includes a higher proportion of people searching for new mortgages and comparing deals.

Since January, there has been a 20 per cent rise in visitors to the site looking for options on buying new homes.

In addition, fewer people are looking to remortgage their properties, as the market becomes more stable.

Hannah-Mercedes Skenfield, mortgage spokeswoman at moneysupermarket.com, said that this mirrors a wider trend of confidence in the marketplace.

She commented: "Our figures provide fresh evidence that appetite to buy a house is coming back into the market. Perhaps the public is becoming convinced that prices have stabilised."

The website has also urged people to search through various lenders to find the mortgage deal that best suits their needs.

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