Households in every region expect the value of their home to rise over the next 12 months, says the latest Knight Frank / Markit confidence report.
Londoners’ optimism over prices rises has reached a high.
The proportion of the 1,500 home owners surveyed across the UK who said that the value of their home had risen over the last month hit a new high of 19.8%, while a record low 6.3% indicated the value had fallen.
In terms of tenure, those with a mortgage are the most upbeat about price rises, but expectations of house price rises also jumped sharply among those who privately rent a property.
Gráinne Gilmore, head of UK residential research at Knight Frank, said: “There is no doubt that confidence has returned to the UK housing market in some measure.
“This can be attributed not only to the Help to Buy effect as well as signs of a strengthening economy coupled with expectations that interest rates will remain at record-low levels for several years yet.
“Mortgage borrowers are the most confident that prices will rise this year, and this optimism will no doubt be underpinned by expectations of even more affordable borrowing as mortgage lenders continue to cut their rates.”
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