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

Housing market optimism grows

0
Written by:
30/04/2013
Over 90% of homeowners believe that their property will retain or increase its value over the next 12 months.

According to research conducted by Yorkshire and Clydesdale Banks, that is a jump of 6% on this time last year when 84% said they thought their homes would hold or grow in value.

A quarter (25%) now say they think their home will gain value over the year to come, compared to 18% a year ago.

London homeowners are the most optimistic, with 53% saying the expect their home to go up in value, compared to 14% in the east of England.

Despite the uptick in optimism, most plan to stay put for the next year – 62% have no plans to move house and 22% say they will extend or improve their home during the course of the year.

Of those who do plan to move, finding a decent property at a knockdown price is the prime motivator, with 19% saying that the opportunity to bag a bargain would encourage them to move this year.

For people hoping to move to their dream home, location is still of paramount importance for 80% of people, while noisy neighbours would be the main deterrent with 80% admitting this would put them off buying a property.

Andrew Pearce, retail director for Clydesdale and Yorkshire Banks, said:

“It is encouraging to see confidence returning to the property market with an increase in both those who think the value of their property will stay the same and those that think it will increase from the same period last year.”

Related Posts

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.

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

Low-income pensioner? You could gain £3k top-up

Hundreds of thousands of retirees struggling with a low income are missing out on Pension Credit worth £3,300...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week