11 Apr

Brits now more confident over house prices

Brits now more confident over house prices

The average British consumer is now feeling more confident about the price of homes than they were a few months back, it has been discovered.

Earlier this week, the Royal Institute of Chartered Surveyors (Rics) said that the number of houses being sold was on the rise, thanks to fact people were feeling more confident following the introduction of the Funding for Lending Scheme last year.

And now Halifax has said that 45 per cent of people believe that the price of purchasing properties will rise over the next 12 months, compared to the 12 per cent who believe they will see a decline during the same period.

Some 55 per cent said that the time is right to buy at the moment, while 21 per cent believe the power currently lies with sellers.

Martin Ellis, housing economist at Halifax, said: "There has been much more optimism about the prospects for the housing market over the past few months, particularly as the recent UK Budget announced big plans for housing, and this seems to be reflected in the attitudes of the respondents. Sentiment regarding the outlook for house prices has improved markedly over the past quarter."ADNFCR-1222-ID-801569996-ADNFCR

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