Confidence in house prices is high as Spring arrives

Grovelawn Financial News 06/04/2011

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Most people feel the housing market is improving

Confidence has begun to return to the housing market if Zoopla is to be believed. During the latter part of 2010 the general public felt that there was little hope of the housing market showing a sign of recovering with almost 50% of those involved in a survey feeling that house prices would not rise in the near future.

As well as feeling more confident, home owners have become optimistic about the amount by which their property price will rise, which they thought would equate to 2.8% across the next six months. The survey found that many home owners thought that lending conditions would improve and 12% said that their mortgage availability was far better than three months ago.

Northern Ireland’s home owners showed they felt the most optimistic with 57% saying they felt that the price of homes would rise which is an increase on the previous figure of 42% three months ago. Scotland’s home owners did not feel so inclined and confidence remained the same. In Wales, 54% of those questioned thought that house prices would rise.

← First time buyers given help | News For April 2011 | New regulations for PPI →

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