Con­fi­dence wanes in sec­ond quar­ter

Yorkshire Post - Property - - PROPERTY -

THE num­ber of home­own­ers who ex­pect house prices to rise over the next six months has fallen over the last quar­ter, ac­cord­ing to the lat­est Hous­ing Mar­ket Sen­ti­ment Sur­vey.

Only 57 per cent of home­own­ers now be­lieve prices are set to climb, com­pared to 59 per cent in March. Con­fi­dence has waned over the sec­ond quar­ter of 2011 due to lend­ing con­straints and eco­nomic un­cer­tainty.

Ni­cholas Leem­ing of Zoopla., says: “This slight dip in con­fi­dence is jus­ti­fied by the weak­en­ing eco­nomic out­look and con­tin­u­ing con­straints in the lend­ing mar­ket. The key cat­a­lyst for in­creased prop­erty mar­ket ac­tiv­ity and house prices will be down to len­ders im­prov­ing the avail­abil­ity of mort­gage fi­nance.”

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