House buyers biding time

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A SHEFFIELD estate agent has predicted economic recovery will release a ‘huge, pent-up demand’ from people who want to move house but have had to wait.

Jed Furniss from Blundells said now was the time to buy because ‘inevitably, as the economy recovers and the banks relax their lending criteria, purchasers will return to the market’.

He said: “When they do, the pressure on supply will also return and prices will also rise.”

Jed, based at the firm’s Hathersage branch, said most housing pundits predict a two to five per cent fall in prices this year.