Residential conveyancing news: Public confident about house price rise

Posted 05/04/2011

New figures have shown that people in the UK are confident that house prices will rise over the next six months.

According to figures from Zoopla.co.uk, 59 per cent of homeowners expect property prices to go up, with predictions of an average of 2.8 per cent recorded.

Some 12 per cent of respondents, perhaps including those hoping to use a residential conveyancing solicitor to sell their home, said they thought their own property would go up in value by 3.2 per cent.

Only 25 per cent expected prices to drop by October 2011.

Zoopla.co.uk’s Nicholas Leeming said: “After almost nine months of falling confidence and falling house prices, it looks like the property market is now starting to turn a corner.”

Indeed, new figures from Halifax have found that house prices in Britain grew by 0.1 per cent in March after a drop in February, with the average property now valued at £162,912.