Will house prices increase in your region in the next half year? Some positive homeowners anticipate house prices to skyrocket by 12% (almost double what they did in the whole of 2015)
- According to a recent survey property owners in the East and South East of England are the most confident of this increase.
- Owners in Wales, Scotland and the North East are less confident however
- This is as a result of worries about the global economic status and the upcoming EU referendum
British homeowners look extremely optimistic over the likely increase in their property increase in the coming months, a recent survey has shown.
The survey by property website Zoopla found homeowners were assured despite doubt about the EU Referendum and the global economic status.
Those in the South East of England and the East of England are by far the most confident, with 96% in both regions expecting values to continue to increase.
They may be followed by those in London who anticipate the greatest increases in value of 12.5%.
The North East of England and those living in Wales, Scotland all feel far less assured however the majority still are expecting to see increases in house prices.
In Scotland and Wales, 85% of homeowners expect house values within their region to increase while in the North East 80% forecast a rise in the next 6 months.
This follows on from a survey produced earlier in the year by the Royal Institution of Chartered Surveyors who felt a cloud of uncertainty lies ahead for the housing market.
It attributed the new stamp duty changes that have made purchasing a property more pricey for owners investing in buy-to-let as well as the upcoming EU referendum.
Additional bad news for the home market emerged last week when one of the largest landlords in the UK warned that we’re heading for ‘failure’ in the property market as another worldwide economy disaster loomes.
The research also found that 44% of homeowners intend to make home improvements during this time.