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Home-Owners Optimistic That House Prices Will Soon Rise


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http://www.henleystandard.co.uk/news/news.php?id=931427

ALMOST 80 per cent of home-owners still expect prices to rise in the next five years and only 11 per cent believe prices are set to decline over the same period, according to research from Your Move, the largest single estate-agency brand in the UK.

60 per cent of home-owners believe house prices will recover in the next two years, but the size of this increase has fallen to 1.8 per cent (down from 3.2 per cent in August and significantly less than the prediction of an increase of 5.4 per cent a year ago).

Optimism has also waned in the longer-term, as home-owners currently expect property prices to grow by only 6.9 per cent in the next five years, down from a predicted 10.6 per cent a year ago.

If prices change as home-owners expect, they will increase by on average £4,000 by spring 2013 and £15,360 in 2016 according to latest figures from the LSL/Acadametrics house price index.

Gareth Samples, managing director of Your Move, comments: “Slowing house price growth has clearly taken its toll on homeowners’ confidence and, alongside the clear risks to the UK’s long-term economic health, this has made prices fall.

“But cash buyers and those able to obtain mortgage finance with large deposits are able to get great value as a result.

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Gareth Samples, managing director of Your Move, comments: “Slowing house price growth has clearly taken its toll on homeowners’ confidence and, alongside the clear risks to the UK’s long-term economic health, this has made prices fall.

“But cash buyers and those able to obtain mortgage finance with large deposits are able to get great value as a result.

This is just transparent rubbish, but its surprising how gullible Joe Public is.

Edited by bumpy
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Gareth Samples, managing director of Your Move, comments: “Slowing house price growth has clearly taken its toll on homeowners’ confidence and, alongside the clear risks to the UK’s long-term economic health, this has made prices fall.

“But cash buyers and those able to obtain mortgage finance with large deposits are able to get great value as a result.

This is just transparent rubbish, but its surprising how gullible Joe Public is.

It's cheaper for potential cash buyers to rent ;).

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Gareth Samples, managing director of Your Move, comments: "Slowing house price growth has clearly taken its toll on homeowners' confidence and, alongside the clear risks to the UK's long-term economic health, this has made prices fall.

"But cash buyers and those able to obtain mortgage finance with large deposits are able to get great value as a result.

This is just transparent rubbish, but its surprising how gullible Joe Public is.

George Orwell would be proud. That is some fantastic doublespeak going on there.

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