21 Apr

Confidence increases in UK property

Confidence increases in UK property

A new survey shows that confidence in the UK property market is on the rise.

The latest Halifax Housing Market Confidence tracker survey revealed that 56 per cent of homeowners believe it is a good time to sell - news that will be welcomed by estate agents.

"We've seen a strong start to the year with transaction volumes rising, with the overall sentiment regarding the outlook for the housing market continuing to improve," said Craig McKinlay, mortgages director at the Halifax.

"The increase in optimism is partly due to stronger house prices and this shift could provide a much-needed increase in the supply of properties available for sale during the rest of the year," he added.

The research did show some regional differences in attitudes to selling, with 65 per cent in the east and south-east feeling the time was right now, compared to 36 per cent in Scotland.

It also concluded 71 per cent believe the average UK house price will rise over the next 12 months, with 38 per cent forecasting an increase of between five and 15 per cent.ADNFCR-1222-ID-801713798-ADNFCR

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