81 Percent Of Homeowners Expect Prices To Rise

Research by popular property website Zoopla.co.uk has shed some light on where homeowners feel the future of the property market lies.

In their latest Housing Market Sentiment Survey, Zoopla found that 81% of property owners felt that property prices would rise during the first half of 2010, despite previous predictions by property advisors who felt that 2010 would become a year of static property prices.

And this is a dramatic turnaround compared to this time last year where homeowners described the property market as having hit rock bottom.

Of the 10,732 people surveyed (9,938 of which were homeowners), Zoopla found:

• 81% expected property prices to continue rising in response to increased property demand and properties put up for sale
• 10% expected prices to fall over the next 6 months
• The vast majority predicted average property price growths (across the whole property market) of 5.7%
• Although these signs of increased confidence are helping the property market to move back in a positive direction, property advisors still feel more is needed to make these statistics a reality.

A fact that Zoopla went on to prove…

Continuing in their survey Zoopla revealed that 75% of those surveyed still found it difficult to get a mortgage during the last quarter of 2009, whilst 42% of them have turned to property renovation to help increase the marketability of their properties.

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Peter Franklin, Property Mentor Delegate

I used to believe stocks and shares were the only way forward, yet after 15 years of property investing, neither of these can compare with the sheer velocity or impact that property investment can have on your bank account. Only with property can you truly experience the power of being in control of immediate cash flow AND capital appreciation. Stocks and shares simply cannot compete. Read more