Some 55 per cent of prospective homebuyers and 64 per cent of renters say the rise in the cost of living has affected or delayed their plan to purchase a home.It found that hurdles related to the higher cost of living were having a “significant effect” on property market sentiment, including the ability of people to live where they would like.
While 24 per cent of prospective homebuyers indicated last August that 2023 would be a good time to buy property, just 13 per cent of respondents to the February survey said the same thing.
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