House price optimists fall to lowest level in two years

Published on

38% of home-movers forecast that average UK house prices will start 2012 at around the same level as they currently stand, according to the latest RIghtmove Consumer Confidence survey.

The proportion who predict house price ‘status quo’ one year out has risen for fifth consecutive quarter to highest level ever recorded by Rightmove.

‘Price-optimists’, those forecasting higher prices, fall back to 24%, their lowest level since January 2009 as economic realities begin to hit home.

Miles Shipside, director of Rightmove, said: “There is clearly a growing trend towards consumers believing prices will be more or less the same in 12 months’ time

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Atom bank shaves Near Prime rates

Atom bank has announced a fresh round of rate reductions across its Near Prime...

ModaMortgages cuts rates and launches new HMO & MUFB products

ModaMortgages has announced a reduction in rates across its buy-to-let product range, with cuts...

The Loughborough ups later-life interest-only LTV to 70%

Loughborough Building Society has increased its maximum loan to value (LTV) to 70% for...

FCA seeks to reduce reporting burden with overhaul of complaints data process

The Financial Conduct Authority has unveiled proposals to streamline the way firms report complaints...

Other news

Atom bank shaves Near Prime rates

Atom bank has announced a fresh round of rate reductions across its Near Prime...

ModaMortgages cuts rates and launches new HMO & MUFB products

ModaMortgages has announced a reduction in rates across its buy-to-let product range, with cuts...

The Loughborough ups later-life interest-only LTV to 70%

Loughborough Building Society has increased its maximum loan to value (LTV) to 70% for...
Advertisement