House price gloom moves up a gear - Telegraph

House price gloom moves up a gear - Telegraph

Results from its March survey covering 1,000 people showed 42pc feel house prices will fall further in the months ahead and only 11pc are looking for an improvement.

The figures represent the latest pitch down in expectations among the British public after the same survey in February found that 39pc expected prices to fall and 10pc were forecasting an improvement.

The data also highlights the extent to which public confidence in the UK economy has fallen over the last year as the austerity cuts and unemployment have taken their toll. In May 2010, a recent highpoint for optimism about the UK housing market, just 16pc of respondents expected prices to fall in the months ahead, compared with 36pc looking for an increase.