Zoopla survey shows homeowner confidence in house prices has grown, despite evidence pointing to a slowdown in the property market, a new survey suggests.
The majority of homeowners, around four in five property owners, or 81 per cent, expect house prices to grow by 4.8% in the coming six months.
WHERE ARE HOMEOWNERS MOST OPTIMISTIC?
Those living in Yorkshire and the North West are the most optimistic ones with 91% expecting the property rises in the next six months, whilst Londoners are the least optimistic, with only 67 per cent of people expecting rises.
However, those in the capital who forecast prices to pick up, expect average property inflation of 4.5 per cent over the next half year.
Across Britain, only one in 12 people in the latest survey expect prices to fall in their area over the coming six months.
homeowners predict house prices to grow by 4.8% in the next six months
81% of homeowners think property will continue to rise, with people in northern regions being more optimistic than those in southern ones
Homeowners in Yorkshire and Humber are most likely to predict further price rises at 91%, while a third of people in London expect house price falls.
Original content taken from Zoopla, which can be accessed here.
It is important to note that this article isn’t exhaustive and doesn’t constitute legal advice.