More people expect house prices to fall rather than rise over the next year, according to the latest housing market confidence index from Halifax. Thirty per cent of respondents were downcast over the prospects for the next twelve months, compared with 28% expecting house price increases. The resultant balance of -2% compares with a positive [...]
confidence
Housing market confidence on the rise
Agency Express has hailed its latest Property Activity Index as further evidence that confidence is returning to the housing market. According to the UK’s biggest “For Sale” board contractor, March saw the second consecutive monthly rise in the number of homes sold, with sales up 23.2% on February and up 4.8% year-on-year. All regions saw [...]
Housing market sees stronger regional variations
The UK housing market is experiencing strong regional variations, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS).
London was the only region to record a positive reading for house prices in February, while outside the Capital 26% more RICS members surveyed saw prices fall, rather than rise, with the East of [...]
Britons lose faith in property investment
Britons are falling out of love with property, with the number of people who see bricks and mortar as the best long-term investment falling by almost a third in the final three months of 2010.
Of 2,500 people surveyed, 34% rated property as the best long-term investment, down from 49% in the previous three month [...]
