According to the leading property portal Zoopla they say that home owners have predicted an increase of 3.9% in UK property prices by October, according to a survey published today.
There are very positive signs that the lack of mortgage availability has eased over the past quarter, which has improved confidence in the housing market.
The Housing Market Sentiment Survey from Zoopla shows that 67% of homeowners are predicting property price growth, 12% more than at the end of 2011 when only 55% of owners were predicting a price climb.
London has experienced a massive rise in house prices over recent years and confidence among home owners has increased, with 82% of property owners expecting prices in their local area to increase 2.2% on average. Over the last quarter this figure has risen to 3.9%, the highest growth expectation in almost two years.
Average property prices in the UK are predicted to increase 3.9% by October as confidence in the real estate market improves, according to a survey published today (Tuesday 24 April).
There has also been a change in sentiment towards mortgage financing, 17% of respondents believe that mortgage availability in the market place has improved, an increase of 6% from the last quarter.
Nicholas Leeming, Business Developer at Zoopla stated: ‘The property market has been in need of some positive news of late as many indicators have pointed toward stagnant prices. These results show that home owners now feel a lot more positive than at the end of last year and this confidence could bolster transaction and activity levels as we move further into the year,’
If you are considering selling your home, why not ask your local Intercounty branch for a free market appraisal, we are your local estate agent and we understand the importance of having an in-depth knowledge of the local area when it comes to selling your home.