Housing Market – Rise In Confidence In The Housing Market Reported | Star Global Tribune

Housing Market – Rise In Confidence In The Housing Market Reported | Star Global Tribune

According to a survey from Zoopla.co.uk confidence in the housing market is rising. The study shows that 59% of homeowners expect prices to rise; this has led many to plan home improvements in 2011.

Three out of five (59%) homeowners in the UK expect house prices to rise over the next six months, according to the latest Zoopla.co.uk Housing Market Sentiment Survey. Confidence in the market outlook has strengthened from its record low at the end of last year when only 54% of homeowners expected prices to rise, but remains some way below the levels seen one year ago when four out of five (81%) expected prices to climb.

Homeowners are also more optimistic about the amount they expect the price of homes for sale to rise in the coming months. According to 7,984 homeowners surveyed by Zoopla.co.uk, house prices are expected to rise by an average of 2.8% over the next six months, noticeably up from the 1.9% predicted three months ago. The number of respondents who expect values to drop over the next 6 months has fallen to 1 in 4 (25%, down from 1 in 3 (33%) in December.