Follow on Google News News By Tag * Property * Property Search * House Values * House Prices * Housing Market * Homes For Sale * Property News * More Tags... Industry News News By Place Country(s) Industry News
Follow on Google News | Housing Market Confidence at Two and a Half Year High According to Zoopla.co.ukThe latest Property Sentiment Survey from Zoopla.co.uk shows that confidence in the housing market is at a two and a half year high, although strong concerns remain over the availability of mortgage financing.
By: Zoopla According to the survey, only 9% of homeowners believe that property values will fall over the next six months whilst a further 10% expect prices to remain flat. The average growth predicted by those surveyed is for house prices to rise by 5.7% by October. The current level of optimism bodes well for market activity, with transaction volumes expected to rise significantly over the coming months given the historically high correlation between the confidence level in the Zoopla.co.uk Survey and market activity approximately three months later. However, the availability of mortgage financing (http://www.zoopla.co.uk/ Across the UK, the Scots are most upbeat over the prospects for the local property market, with 86% expecting house prices in their area to rise over the next six months, compared to 80% expecting property in England (http://www.zoopla.co.uk/ Nicholas Leeming, Commercial Director of Zoopla.co.uk, said: “With the bad weather behind us and the recent stamp duty relief introduced for first-time buyers, confidence in the property market has bounced back well. Despite the optimism, significant concerns remain around the supply of mortgages and whilst affordability levels are now higher than at any time in the past few years the lack of mortgage funding, especially for first-time buyers, remains the single biggest threat to a full housing market recovery.” Methodology: • Zoopla.co.uk invited registered users to participate in this study • The survey was fielded from March 15th to 23rd 2010 • There were 7,497 total respondents. 6,877 of these were homeowners. Statistics based on a sample of this size are accurate to within +/- 1.2% with 95% confidence, if the sample is drawn at random from the population it intends to represent • These respondents represent the perspective of the Zoopla.co.uk user community, and could be considered to represent the population of people interested in the UK residential property market • All statistics are based on the full sample unless otherwise noted. # # # Zoopla.co.uk (http://www.zoopla.co.uk/ By combining free, instant value estimates for every UK home with sold prices, local market information and hundreds of thousands of properties available for sale and to rent, Zoopla.co.uk has become the ultimate destination for property consumers to search for property and do their market research. Zoopla.co.uk are the UK's fastest growing property website and are proud to have been named 'Best Property Portal 2009' (Daily Mail UK Property Awards). End
Account Email Address Disclaimer Report Abuse
|
|