Confidence wanes in second quarter
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 Zoopla.co.uk 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. co.uk, 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.”