You are here: Home - Mortgages - Buy To Let - News -

East and North East of England expect house price rise in 2014

Written by:
Britons living in the East of England and the North East are increasingly optimistic that house prices in their regions will rise over the next 12 months, results from a Countrywide survey have shown.

In 2012, 29% of people surveyed in the East of England said they expected the price of their homes to rise in 2013 while 19% of those living in the North East shared the sentiment.

The latest survey has shown that expectations of house price increases for 2014 have risen sharply to 61% and 44% respectively in these regions.

Overall 51% of homeowners surveyed said they believed the value of their current home would increase in 12 months’ time, an increase of 17% from the November 2012 survey results.

A higher proportion (67%) of homeowners living in London, expect the value of their homes to increase in 12 months’ time when compared to any other region in Great Britain.

Grenville Turner, chief executive of Countrywide, said: “The survey findings reaffirm what our property experts’ view on a daily basis when dealing with many people looking to move home. 

“There are signs of a rebalance in the housing market as recovery in housing volumes gathers momentum.

“Greater availability of higher loan-to-value mortgages, improving economic conditions, lower unemployment and the implementation of government-backed schemes such as Help to Buy have given consumers reasons to feel confident.”

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Barclays platform challenges Hargreaves with 0.35% AMC

Barclays Stockbrokers has revealed its clean pricing structure, introducing a platform charge of 0.35% as it becomes the latest platform...