Fewer people say they are planning to buy a home

The number of people planning to buy or rent a residential property has declined since the beginning of the year. A PricewaterhouseCoopers Malta survey carried out in June found that 45 per cent of those questioned had plans to buy, a drop from 58 per cent in January.  As for those in the market for a rental property, the drop was from 16 per cent in January to 11 per cent in June. In January, 26 per cent of respondents said they had no plans to rent or buy in the near future but that figure went up to 44 per cent by June. The audit firm’s Real Estate Survey sheds light on consumer sentiment and market trends in the property industry. A total of 461 people aged 18 and over participated in its second online survey.  To buy or rent? A drop in respondents wanting to buy a property from January to June. Source: PwC What could the survey figures mean? David Valenzia, Territory Senior Partner, said the results could suggest changes in traction in the industry when compared to the first survey, but the sector “resiliently” continues to fuel economic activity and push for market confidence.   While fewer respondents are keen on buying a residential property, the June survey shows what...