Home Owners Still Uncertain

30 November -0001

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Homeowners still uncertain about the housing market.

According to figures from the Woolwich bank show consumer confidence is still skeptical about house prices with 49% of people questioned in April feeling their property would continue to rise in value, while 32% believed the market would remain static.

The latest survey does show a slight increase in confidence from the month previous where 47% expected an rise.

Overall though confidence in the housing market remains much lower than it did a year ago as during the same period in 2004 over 60% of homeowners predicted rising values.

According to reports the Royal Institute Of Chartered Surveyors say that house values have fallen at their fastest rate for over six months.

Barclays and the Woolwich, expressed concern that with these signs of increased consumer confidence may trigger the Bank of England to increase interest rates to control house prices yet again.

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