Consumers' confidence in the housing market is increasing, with nearly
half of people expecting prices to rise during the coming year, research
showed.
Around 49
per cent of people think property values will increase in the coming 12 months,
while 12 per cent think they will stay the same, according to the Building
Societies Association.
But people
are not expecting strong gains, predicting that prices will edge ahead by only
1.4 per cent during the period, although this is a significant improvement from
predictions of falls of 6.1 per cent when the same research was conducted in
March.
Only one in
five people now think it is a bad time to purchase a home, while 27 per cent of
those questioned are still expecting further price falls, down from 65 per cent
in March.
The rise in
confidence follows a run of positive data on the housing market in recent
weeks, with both Nationwide and Halifax reporting house price rises during May.
This could
give a significant blow in Real Estate Business..
Source:
Telegraph
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