Brits remain optimistic about prospects for the UK housing market

Martin Ellis, housing economist at Halifax, commented:

"Confidence in the housing market has weakened a little over the last three months, reflecting the increased uncertainty regarding the economic outlook. The public’s confidence in the housing market, however, has been very resilient so far this year. This is, consistent with the broad house price stability experienced over the first half of 2012.

"Overall, we expect little change in prices and sales over the remainder of the year provided that the UK’s economic outlook does not deteriorate significantly."

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0 thoughts on “Brits remain optimistic about prospects for the UK housing market

  1. Jason

    The latest UK House Price index shows London is significantly ahead of the national average for property prices. Whilst in Scotland Edinburgh has also seen an increase in prices. A lot depends on how banks cope with the ongoing ‘Euro Crisis’ as to whether they release more mortgages.