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.
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.
Comments
When did this trun into a Rightmove story, I was sure it was about property prices from the little web site Poopla?
Jon Middleton:
"If your paying £700 for 100 ads thats £7 per ad. Sounds like amazing value to me..."
AT LAST!! You say something on here that actually makes sense.
Such a pity that from there you went on to spout your usual MDT...
Whatever you think of the prices what's the alternative? Work out how many of your sales originate from a RM or Zoopla and say could I afford to lose that business?
If your paying £700 for 100 ads thats £7 per ad. Sounds like amazing value to me when you consider a average South East England fee of around £5,000
I wonder what would happen if all portals were to allow anyone from the general public to put a £7 add on RM.
In a recent poll before a big game, more than 90% of Chelsea fans said their team would be victorious. Presumably Brian would consider that to be news too...
I wonder how many of today's vendors would predict that the house they would like to buy next will be going up by 4.5% in the next six months? Not three-quarters, I'm sure.
A similar survey (by a non-vested interest source) last year asked some more probing questions on this subject and found that while most people expected prices in their town to decline or flatline, they believed prices in their own postcode would increase. Says it all really.
talking of dim, where are then HPC nutters!? Oh dear the news recently has been far from their sad worlds and wrong crash predictions!
Dont bother posting your cut and pastes, orf to play golf and enjoy the weekend and having a good larf at you silly billys! XX
For every thing else there's Mastercard!
Zoopla will be exactly like RM when they are not a joke and a poor mans RM, they will screw agents just the same, dont be fooled, its changing now, they are just too weak to do it, yet.
Blue, I know an online agent who is paying £650 for 50 properties a month.
@ Evidence yeh £4.50 per month per property is unaffordable. Point it out to your vendors, let them do the maths.
Paul, for how many properties?
We pay:
Rightmove £450 for 100 properties
Zoopla £100 for unlimited i think
Thinking about dropping RM as well.
Off the topic I know but we should have a post on how much us agent pay the portals, it seems very varied and unfair tbh.
They are upping their prices the same as RM so they may as well produce the same BS as well.
Also, lets talk about RM, how much do you pay??
We pay £720 a month now. Zoopla want £599 (lol)
Agree, there is no evidence of this on the ground where agents operate. perhaps it would be better to poll their members with the same question for a true picture.
Oh I do hope Zoopla are not getting like Rightmove and producing ridiculos statistical information.