More Britons expect house prices to rise than fall in 2012 |  |
Nearly a third of Britons think that house prices will rise rather than fall in 2012, according to the latest Halifax Housing Market Confidence tracker. 29% of Britons forecast that house prices across the UK will increase over the next twelve months, more than the 22% that predict a price decline over the same period.
Martin Ellis, housing economist at Halifax, commented:
"The modest improvement in consumer confidence in the outlook for house prices reflects the resilience of the UK housing market over recent months in the face of a weak economic recovery and the deterioration in the outlook for both the UK and global economies."
"Looking forward, we currently expect broad stability in house prices in 2012, although there remains much ambiguity around this given the considerable uncertainty regarding the prospects for the UK economy."
