Thursday, 8 July 2010

Property Owners Take 21 Minutes to Decide To Invest

It has been found that people looking to purchase their UK Property investment take just 21 minutes to decide to buy according to ING Direct.; even though it may take that same person 284 minutes to choose a TV.

In this study, 44% of property owners feel the pressure to act early.

This is how their decisions were influenced:

    * 26% felt estate agents talk up the property too much
    * 21% feel estate agents act too quickly to encourage an offer
    * 93% made the decision to invest with a partner

The chief executive of ING believes these are understandable when potential property owners move fast to not miss out.

Looking at UK property investments by location, East Anglian property owners take just 19 minutes to decide while London and Yorkshire property owners take 23.

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