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Digsby

Housing Confidence At Three Year High

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http://www.mortgageintroducer.com/mortgages/251850/5/Industry_in_depth/Housing_confidence_at_three_year_high_.htm

Almost a quarter (24%) of people plan to change their current property either by extending or carrying out home improvements. A further 14% said they want to sell their house in the coming year. Finances are also high on the agenda with 11% planning to either pay off their mortgage, make overpayments or re-mortgage in the coming 12 months.

Among those surveyed by the Banks in 2013, 62% of people said they planned to simply stay in their current home. The figure dropped to 58% a year later and dipped by a further 17% to 41% in 2015.
I'm not entirely sure what the other 45% intend to do if 41% intend to stay in their current some and 14% want to sell. But, the figures do suggest that the current supply crunch isn't going to last long.
The optimism can also be seen with 44% expecting the value of their home to increase, while 54% think it will remain the same. Men are more optimistic about an increase with half of those surveyed anticipating an increase in value compared to 38% of women.
Mumsnet opinion turning?
Confidence is at its highest in London where 64% believe their property will increase in value in 2015
Clearly not doing their research!

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That goes against every other survey.

Could it be total total b.s ?

As a buyer my desire/confidence/willingness to buy is now at a 10 year low.

FACT.

Edited by TheCountOfNowhere

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They really should ask different questions.

"Are you confident that your house meets the European average standard for heating and ventilation?"

"Are you confident that your house will not require major maintenance in the next 12 months?"

"Are you confident that your house is not an eyesore?"

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And as we know, a significant proportion of these people are going to be sorely disappointed when they find they can't sell their property at the price the nice estate agent man said they could.

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They really should ask different questions.

"Are you confident that your house meets the European average standard for heating and ventilation?"

"Are you confident that your house will not require major maintenance in the next 12 months?"

"Are you confident that your house is not an eyesore?"

"Are you confident your house is not massively over priced ?"

Edited by TheCountOfNowhere

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