Lower house prices are attracting more potential homeowners to the property market, and it is expected that more people will now search for a mortgage .
First time buyers, mortgage holders and those looking to find a remortgage might take action following research by a property website that found house prices have fallen for the third consecutive month.
Commenting on their findings, Rightmove said house prices are now becoming more realistic, following a yearlong sales recession.
According to their research, house prices fell by an average 0.4 per cent during the five weeks leading up to September 10th.
In England and Wales this resulted in an average drop of £3,200 a house.
Even though an average estate agent still has 72 unsold properties on their books, more properties were sold in August than in June or July.
"The market has been searching for a level of sustainable pricing at which sales volumes will begin to increase," commented Miles Shipside, Rightmove's commercial director.
"There are now clear signs that some buyers see this as the time to re-enter the market."
More to start the search for a mortgage as house prices fall
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