Home owners predict price rises
Home owners are expecting house prices to rise by 4.5% over the next six months, according to new research from Zoopla. This latest information is based on replies from 4,116 people, the majority of whom were home owners, in the last week of March.
The proportion who think that house prices will increase this year is also at the highest level for almost three years, with 74% predicting prices in their area will increase, the most since 2010.
Confidence has grown notably over just the past few months as only 65% of owners predicted an increase back in December and just 13% of owners now expect prices to fall over the course of the next six months, down from 19% at the end of last year.
Home owners in Yorkshire and the Humber are the least bullish with only 61% expecting property prices to rise over the next six months, compared with 89% of London home owners who predict rises by the end of this summer.