British market driven by 'property culture'

Britain's 'property culture' means there is a continued interest in all aspects of the property market, from buy-to-let to home improvements, the Buy Association has said.

The independent advisory organisation noted that the strong tendency towards ownership in the UK, in contrast to other countries around the world, made the sector especially strong.

This is at least in part due to the fact that a wide range of mortgages are available to all types of borrowers, Buy Association property editor Paul Collins asserted.

"It's incredibly easy to get a mortgage in the UK, and not necessarily as easy to get a mortgage in France or Germany," Mr Collins outlined.

"Part of it is cultural. We've certainly got a property culture in terms of, not only buying property but of moving property as well. We buy property to let out or we buy it to do up and then we move again.

"There's much more of a property culture in the UK. You just have to look at how many shows there are on TV," he outlined.



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