20 Jul

British buyers optimistic about property market

British buyers optimistic about property market

Buyers of UK property are still confident about the prospects for the market, a new study has discovered.

According to Halifax, the number of people who expect house prices to rise over the next year is greater than the number who expect them to fall.

Some 34 per cent of Brits expect to see an increase, while just 19 per cent are expecting a dip in home values.

The most confident areas of the country are Scotland and the south of England.

This comes at a time when the Office for National Statistics (ONS) has reported that house prices across the UK rose by 2.3 per cent in the 12 months up until the end of May this year.

Martin Ellis, housing economist at Halifax, said: "Overall, we expect little change in prices and sales over the remainder of the year provided that the UK's economic outlook does not deteriorate significantly."ADNFCR-1222-ID-801412295-ADNFCR

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