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

Confidence in housing market hits new highs – Lloyds TSB

0
Written by:
23/08/2013
Consumer confidence in the housing market hit a new peak in July, according to research conducted by Lloyds TSB.

The lender’s index found the number of consumers who had a positive view of the housing market hit 34% during the month, up from 31% in June and the 22% recorded for the same month in 2012.

There continues to be a divide across England highlighted in the figures with consumers in the north of England more pessimistic about the market.

Consumers across the UK also continue to worry about their own finances with 46% concerned about their situation compared to 45% in June. Those aged between 45 and 54 remain the most troubled with 55% expressing a negative view in the survey.

The overall Lloyds TSB sentiment index reached 114 points in July, the highest recorded since the survey began in November 2010.

Patrick Foley, chief economist at Lloyds TSB, said: “The further improvements in consumer sentiment this month are very encouraging but not surprising given the combination of better than expected economic data and stable growth of spending on essentials.

“In due course consumer sentiment may translate into firmer consumer spending and help underpin the wider recovery. If it does, this should eventually help to improve the outlook for the jobs market, which might then further reinforce sentiment.”

Earlier this week a report from property firm LSL showed that while the housing market revival had spread across much of England and Scotland, property prices in Wales had yet to benefit from increased confidence.

Tag Box

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.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal 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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week