7
Feb
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.