Most Brits confident about the UK property market, research finds

More people in the UK expect house prices to rise than fall in 2012, according to the third Halifax Housing Market Confidence Tracker that monitors public sentiment towards the housing market.

Over half said that concern over job security is a main obstacle to buying and Londoners are most optimistic about UK house prices, the survey also found.

Some 29% of Britons forecast that house prices across the UK will increase over the next twelve months, more than the 22% that predict a price decline over the same period. A large number, some 61%, also believe that house rents will increase over the next 12 months.

However, the outlook for the housing market remains subdued. The majority think that any house price movement over the next twelve months will be relatively small with around two thirds, 65%, expecting any movement to be between plus 5% and minus 5%.

Source: Property Wire

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