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Homeowners confident prices will rise

Homeowners confident prices will rise

Category: Mortgages

Updated: 08/10/2012
First Published: 08/10/2012

MONEYFACTS ARCHIVE
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Nearly two thirds (63%) of British homeowners expect house prices to rise over the next six months, according to property website Zoopla.

The Housing Market Sentiment Survey revealed that the average homeowner predicts that prices will rise by 3.4%, with those in London increasing by 4.7%.

The survey results are an improvement on last year, when only 59% of homeowners expected prices to rise.

Only one in five (21%) below property prices will fall over the next half year.

"Late summer and early autumn are busy periods for the property market which can lead to a boost in homeowner confidence," said Lawrence Hall of Zoopla.co.uk.

"The fact that optimism is up compared to last year is a good sign; however, confidence levels remain well below the levels seen in late 2009 and early 2010."

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