New data from two major property surveys shows that confidence in the housing market is increasing.
Both the latest Building Societies Association Property Tracker and the Halifax Housing Market Confidence Tracker confirm the trend.
The Halifax survey supports this positive outlook with one third of respondents predicting that prices will rise this year. Half feel that it would be a good time to buy over the next three months.
The quarterly Building Societies Association survey reveals that the number of people who do not consider now is a good time to buy has fallen from 29% to 21% since March while the same proportion, 41%, believe that now is a good time to buy.
Further increased confidence in the market is indicated by the proportion of people concerned about future falls in property prices decreasing from 24% in March to 19% in June.
A lack of job security continues to worry prospective buyers but this is also less of a barrier, being cited by 48% of respondents in June, down from 57% in March.
Adam Offer, managing director of Besley Hill Estate Agents, confirms the property market revival indicated by the results of the new surveys.
"These encouraging statistics reflect what we are finding at our offices throughout Bristol and Gloucestershire," said Mr Offer. "They are signs that the worst is over and a recovery in the housing market is underway."
No comments:
Post a Comment