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Buyers take 33 minutes to look at a property

people buying a home in the past year spent only 33 minutes looking around the property before making one of the most expensive decisions of their lives.

A survey by Aviva in the UK suggested that the recent strong competition seen in the housing market there is forcing some buyers to make snap decisions, with one in four (24pc) of homeowners saying they only made one viewing before deciding to buy.

Aviva, which commissioned research among 4,000 homeowners, found that those who bought most recently tended to spend less time viewing a property than those who bought some years ago.

competition

The average amount of time people who had bought their property six to 10 years ago estimated they spent looking round it was 35 minutes. For those who bought 10 to 20 years ago, the typical length of time was 39 minutes.

Perceived competition for properties has increased, according to the findings.

The proportion of people who said there was "not much" or "no competition" when they bought their home has fallen from 65pc for people who bought 20 years ago to 46pc among those who bought recently.

Homeowners generally said they typically had to spend around £1,000 (€1,250) more than they had expected on repairs and getting their new home up to scratch.

hnews@herald.ie


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