UK households in six of eleven UK regions expect the value of their home to rise in 2013, despite having believed that house values have fallen for the last 30 consecutive months.
The biggest rises in 2013 are expected in London and the South-West, closely followed by Yorkshire and the Humber.
In contrast, households in Wales expect the biggest fall in the value of their property over the next 12 months
According to Knight Frank/ Markit’s House Price Sentiment Index, only 7.7% of home owners believe the value of their property has gone up over the last month.
Chris Williamson, chief economist at Markit, said: “Households still perceive the current value of their properties to be falling on average, although sentiment over the last two months has been the least negative for two and a half years, suggesting the housing market is at least moving in the right direction.
“Hopefully the Funding for Lending scheme will help to perk the market up further in coming months, meaning 2013 will be a better year for the housing market in terms of both prices and the volume of sales.
“However, the capital still looks likely to remain very much the UK’s housing market hot-spot for the foreseeable future.”
Comments
"People matter.
If they think their property is worth more and it doesn't materialise they will not sell. This will create a shortage, supply & demand takes over and prises will eventually rise!"
Hmmm. So no-one buys his house because his house is over-priced and so he will not sell it. So this creates a shortage and supply and demand takes over so now he can sell his house for even more to the people who couldn't afford to buy his house at the original over-priced value. Makes perfect sense to me.
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"People matter.
If they think their property is worth more and it doesn't materialise they will not sell. This will create a shortage, supply & demand takes over and prises will eventually rise!"
Hmmm. So no-one buys his house because his house is over-priced and so he will not sell it. So this creates a shortage and supply and demand takes over so now he can sell his house for even more to the people who couldn't afford to buy his house at the original over-priced value. Makes perfect sense to me.
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Good news on xmas
The Mayans said the Private Rented Sector (PRS) will continue to see demand outstrip supply throughout 2013
Ian Potter, Managing Director of ARLA, predicted the world would end today.
Oh praise the Funding for Lending Scheme (FLS), it will heal the housing market, bring peace to the middle east and cure cancer.
Lets get this clear FLS money is going to those with big equity or deposit not those with little deposit. It won;t help sales but it will shaft the public. Since its introduction saving rates have fallen 1% penalising millions upon millions of British Savers including those trying to save deposits.
House prices will continue to fall, they are simply still overvalued. Recovery won't happen till the bubbles are allowed to deflate
Oh praise the Funding for Lending Scheme (FLS), it will heal the housing market, bring peace to the middle east and cure cancer.
Lets get this clear FLS money is going to those with big equity or deposit not those with little deposit. It won;t help sales but it will shaft the public. Since its introduction saving rates have fallen 1% penalising millions upon millions of British Savers including those trying to save deposits.
House prices will continue to fall, they are simply still overvalued. Recovery won't happen till the bubbles are allowed to deflate
What a miserable lot you are. This country really needs no-hopers - not!
In other news Turkeys expect Christmas to be cancelled this year!!
Merry Christams to everyone, (except the Turkeys)
Love Happy Chappy x
Crazy
So what?!?
I expect to win the Roll-over, but apparently it's not guaranteed to happen
Merry Christmas Everyone - Pass the bottle
People matter.
If they think their property is worth more and it doesn't materialise they will not sell. This will create a shortage, supply & demand takes over and prises will eventually rise!
What???
The economist said no such thing. He was reporting what the public said.
Homeowners expect prices to rise - hardly scientific
so this is what is meant by "hope value"