There is definite historic data to prove that house prices increase when the number of property transactions is increasing. So what drives the number of transactions, well one strong factor is property market confidence.
So what does the average UK home owner think will happen to house prices? Well if recent data is correct it says that over 75% of UK home owners surveyed, believe that UK house prices are to rise over the next six months. Many home owners have seen a large increase in the transactions locally and believe that it is a sure sign that prices will rise.
If lenders can keep up with sentiment, the future is looking increasing optimistic for UK house prices.
UK home owners increasingly optimistic about the Housing market recovery.
October 17, 2009
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