Tuesday, October 5, 2010
“Confidence amongst homeowners about the outlook for the property market has fallen sharply”
Zoopla's annual housing market sentiment survey shows that only 63 per cent of homeowners now expect property prices to rise over the next six months, compared to 78 per cent of homeowners three months ago. According to the survey of 6,149 homeowners, the average growth predicted for house prices in the next six months has also dropped to only three per cent from 5.5 per cent three months ago. The number of respondents who expect property prices to fall over the coming six months is also up sharply to one in four from one in 10 three months ago. The Zoopla.co.uk survey results also reaffirmed that homeowners in the UK view their home as their castle.