Sentiment: confidence in the property market in the UK remains strong

Confidence in the property market in the UK remains strong and the majority of buyers believe that prices will rise over the next 12 months.

A small increase in positive sentiment was observed at the end of 2015 , as well as the watering of those: who believed that now is a bad time to sell. The Sentiment index of real Estate Prices from the Halifax Bank (Halifax Housing Market Confidence Tracker) issued its latest quarterly report.

Sustainable economic growth, wage growth and the decline in the already too low interest rates on mortgage loans continues to stimulate the housing market. All this is happening against the background of an acute imbalance of supply and demand. All this can not affect the growth of prices.

This ratio is unlikely to change in the short to medium term, hence the increased confidence in the sentiments of the people.

Positive sentiment for the prices reflected in the share of those respondents who believe that the increased prices will be a barrier to purchase, the number of such has increased 6 points from 31% to 37% .

And the average price of a residential property in the UK is now 208286 pounds, has grown in 2015 by 10%.

With rising prices a major obstacle to the purchase of housing for the people is the growth of deposits.

About 58% claimed that this was the reason. The second reason is the uncertainty in the availability of work. It is expected that growth in housing prices will soon give the opposite effect on the market and the demand from buyers decreases. In addition, it is expected that the Bank of England a year is still going to increase rates and thus increase mortgage rates, which will also influence demand.

® Alice Morgan. G. 16.01.2016

Price indices for UK property

Index Nationwide

Index Halifax

Index Rightmove

Index Office for National Statistics

Index LSL Property Services Acadametrics

The Index Of The Land Registry

Index index

Index Hometrac