Tuesday, April 26, 2011
Austerity headlines are having some effect
The crash in property market confidence has been revealed by a new report, showing more than 40% of people expect house prices to fall. The latest Property Confidence barometer report from listing website Findaproperty.com has laid bare the nervy nature of the housing market. Just 11% of the 1,000 people surveyed on a monthly basis believe house prices will rise in the months ahead, while 42% believe prices will fall. This represents a reversal of fortune since the General Election â€“ last May 16% of people thought prices will fall and 36% thought they would increase.