Genworth International Mortgage Trends Report 2011
Genworth Financial (Genworth) commissioned a survey in March 2011 of homebuyers and aspiring first homebuyers (FHBs) around the world in order to gain local market insight and drive global thought leadership across markets. In total, more than nine thousand respondents were interviewed from Australia, Canada, India, Ireland, Italy, Mexico, the United Kingdom (UK) and the United States (US).
UK country findings:
- UK homebuyers interviewed are pessimistic over the economy and their personal financial situation
- Despite being more optimistic than average in regards to the property market, UK respondents will not actively enter the market in the next 12 months
- FHB respondents in the UK are increasingly being priced out of the market
- Eight in ten UK respondents expected no difficulty meeting their repayments over the coming year.