19 Feb

UK house price confidence increasing for movers

UK house price confidence increasing for movers

People in the UK turning to estate agents to try to engineer a new purchase are becoming more confident about the inflation in the cost of purchasing in the months ahead, it has been revealed.

According to a study conducted by Markit, 8.5 per cent of people said that their home had gone up in price throughout January, while 11.7 per cent said it had dropped.

However, despite this discrepancy, these were the most positive figures seen since the start of January, with indicators showing that prices will rise before the end of the year.

Growing confidence in the market has been helped by the fact that the Funding for Lending scheme has really started to make an impact, with a greater number of banks and other mortgage providers willing to provide house purchase loans to first timers in particular.

"The optimism over house prices seen at the start of the year has strengthened sharply this month, with households now more upbeat about the outlook for house prices than at any time since June 2010. Households in every region expect prices to rise, reflecting a real change in outlook across the country," said Gráinne Gilmore, head of UK residential research at Knight Frank.ADNFCR-1222-ID-801542651-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.