Public confidence in the housing market continues to rise
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People living in Scotland are becoming increasingly confident in the outlook for the housing market, according to the latest Bank of Scotland Housing Market Confidence tracker. One in three (33%) respondents predict that house prices will increase over the next year, higher than the proportion that believe house prices will fall (23%).
Nitesh Patel, housing economist at Bank of Scotland, commented:
"It is encouraging that the level of consumer confidence in the Scottish housing market continues to improve, albeit from a very low base. This is consistent with the broad stability that we have been seeing in house prices in recent months. Overall, we continue to expect little overall movement in prices this year provided that the Scotland and UK economies do not suffer a pronounced weakening."
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