Housing market feeling dazed and confused

Housing market feeling dazed and confused

It seems that the most recent predictions of the housing market’s health are at odds, with some reports claiming that things are looking up and others warning us to brace ourselves for the worst.

Consumer confidence in the property market is rising according to a new study, which reveals that 59 per cent of homeowners expect prices to rise.

Nicholas Leeming of Zoopla.co.uk, which conducted the study, said: “After almost nine months of falling confidence and falling house prices, it looks like the property market is now starting to turn a corner. Falling prices have created attractive buying opportunities and with continued low inventory of property on the market, homeowners are increasingly expecting prices to rise in their local area. We still remain somewhat short of the confidence levels seen in early 2010 but there has been a clear improvement over the previous quarter and this is welcome news.”