7 Feb

Brits foresee positive market in 2012

Brits foresee positive market in 2012

British homeowners and buyers are predicting a positive year for the property market in 2012, as many expect house prices to rise over the next 12 months.

A new survey released by the Halifax has discovered that some 29 per cent of the British public are expecting to see an increase over the next year, compared to just 22 per cent who think they will go down

This has shown a positive movement when compared to October, when only 28 per cent expected rises and 30 per cent expected drops in prices.

Martin Ellis, housing economist at Halifax, said: "The modest improvement in consumer confidence in the outlook for house prices reflects the resilience of the UK housing market over recent months in the face of a weak economic recovery and the deterioration in the outlook for both the UK and global economies."

The latest figures released by Nationwide Building Society recently said that the average house price in the UK in January was £162,228.ADNFCR-1222-ID-801286569-ADNFCR

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