propertytalk Live!

  • Increase font size
  • Default font size
  • Decrease font size
Home Housing Market Housing market confidence at pre-credit crunch level

Housing market confidence at pre-credit crunch level

User Rating: / 1
PoorBest 

Housing market confidence is back at pre-credit crunch levels, according to research by property website Zoopla.co.uk.

Some 81% of people expect house prices to rise during the coming six months, predicting average increases of 5.4%.

Just a year ago only one in five people expected property values to increase during the first half of 2009.

However, around three-quarters said they did not think it was any easier to get a mortgage now than it was three months ago.

Zoopla said renewed confidence in the housing market suggested the number of homes changing hands would soon increase.

Nicholas Leeming, commercial director of Zoopla.co.uk, said: "This time last year, confidence in the property market was at rock bottom and the outlook was bleak.

"But a year is a long time in the housing market and, whilst the recovery is still in its infancy, optimism is now back to levels not seen since the credit crunch began in 2007.

"The shortage of homes for sale has prevented any improvement in transaction levels over recent months, but with increased confidence amongst owners about putting their homes on the market to match the pent-up demand from buyers, we could see a welcome boost to the recovery of the housing market."

Have your say on this story using the comment section below



Add this page to your favorite Social Bookmarking websites
Digg! Del.icio.us! Facebook! MySpace! Reddit! Mixx! Google! Live! Slashdot! Technorati! StumbleUpon! MySpace! Spurl! Furl! Yahoo!

Trackback(0)

TrackBack URI for this entry

Comments (0)

Subscribe to this comment's feed

Write comment

smaller | bigger

busy
 

Talkmail™

Sign-up to receive our newsletter.

Powered by MailChimp

Related Items

Who's Online

We have 113 guests online

Latest Comments

Landlords fined for ...
As a professional landlord who cares passionately ...
London landlords: av...
Just ask any letting agent how much they charge fo...
Tips to ease the str...
There may be various issues and factors behind cau...
Council takes posses...
Why did it take 4 years to get this siituation res...
Landlords fined for ...
I am the tenant who was illegally evicted by Mr Ma...

Latest Tweets

We Love Property

We Love Property on Facebook.com

We Love Property on Cafepress.com

Advertisement

Featured Links:
SOLVfinance
Commercial and personal financial advice.