Household confidence grows in house prices rising

Household confidence grows in house prices rising

Home owners are expecting house prices to rise by 4.5% over the next six months, according to new research from Zoopla.

It based its findings on replies from 4,116 people, of whom 3,485 were home owners, in the last week of March.

This is the biggest predicted house price increase by home owners in more than three years, the site said.

The proportion who think that house prices will increase this year is also at the highest level for almost three years, with three-quarters (74%) predicting prices in their area will increase, the most since the second quarter of 2010.

Confidence has grown notably over just the past few months as only 65% of owners predicted an increase back in December.

Just 13% of owners now expect prices to fall over the course of the next six months, down from 19% at the end of last year. & nbsp;

Owners in Yorkshire and the Humber are the least bullish with only 61% expecting property prices to rise over the next six months, compared with 89% of London home owners who predict rises by the end of this summer.

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