A recent survey by Zoopla has revealed that confidence in the property market is growing.
Asking its registered users to participate in its housing market sentiment survey, which ran between April 18-21, the website has found that nine out of ten British homeowners expected property values to grow by 7.8% within the next six months.
It also found that just 18% of Brits intend buying a home within the next six months, which is a 7% decrease since October 2016. Alongside this, it was also revealed that only 17% of homeowners said that they were planning to sell their home before the end of the year.
However, the study was carried out immediately after Theresa May announced the snap General Election in June. It is likely that, as happens in most election campaigns, homeowners are more likely to be cautious in putting their houses on the market until the election is over.
Despite the continued period of political uncertainty, which certainly includes the Brexit decision and the triggering of Article 50, Lawrence Hall, spokesman for Zoopla, said it was ‘encouraging’ to see a boost in confidence for property price growth.
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