"The biggest problem we are now facing is a lack of homes. A lot of people went into the rental market after their homes failed to sell – but we are telling them that now is the time to switch back again."
Turner added that the frugal trend that swept the UK since the recession hit saw people saving, rather than spending.
"Those savings have now accumulated so much that people have deposits they wouldn’t have had otherwise – and they are ready to invest in property."
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