{"id":17084,"date":"2018-06-01T14:25:23","date_gmt":"2018-06-01T13:25:23","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=17084"},"modified":"2018-06-01T14:25:23","modified_gmt":"2018-06-01T13:25:23","slug":"why-homeowners-are-positive-about-todays-housing-market","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/why-homeowners-are-positive-about-todays-housing-market\/","title":{"rendered":"Why homeowners are positive about today’s housing market"},"content":{"rendered":"

Homeowners in the West Midlands expect their properties to increase in value by an average of 10.6% over the next six months according to a Zoopla survey.<\/strong><\/p>\n

Optimism among the country’s homeowners is on a high at the moment, with the vast majority of those surveyed by Zoopla expecting the value of their properties<\/a> to rise over the next six months as the country’s property sector retains its resilience.<\/p>\n

On average, UK property owners<\/a> expect homes in their area to achieve value rises of 6.9% in the next six months, with 84% of the 1,950 people surveyed expecting prices to go up where they live. Only around 8% thought house prices would fall<\/a>, while 7% expect them to stay the same, and the results show an even higher level of positivity than was seen in a similar survey in November.<\/p>\n

Growing consumer confidence<\/h4>\n

While property owners in the West Midlands<\/a> are expecting the biggest value jump of 10.6%, with 88% expecting an increase of some sort, the East Midlands topped the list with 93% of respondents predicting a house price rise in their area – of an average of 9.2%.<\/p>\n

“It’s encouraging to see a bounce-back in consumer confidence in the market – it’s the largest increase we’ve seen since 2016,” said\u00a0Zoopla spokesman Lawrence Hall.<\/p>\n

“This shows that homeowners<\/a> are starting to regain their confidence in the property market.”<\/p><\/blockquote>\n

The least optimistic area was the north-east<\/a>, where house prices have struggled recently, with only 63% of homeowners who believe prices will rise, and the average increase expected is 2.6%. London was another market lacking in confidence<\/a>, with 76% expecting a house price increase, at an average of 6% over the next six months. The capital has seen house prices stagnate lately as it is overtaken by the growing strength<\/a> of the north and midlands.<\/p>\n

On the plus side for the north-east, November 2017’s poll showed that only 41% of people expected house prices to go up, so the trend is going in the right direction. It is an area which can generate high yields<\/a> for landlords as starting prices for properties are generally lower than the national average and rental demand is relatively high.<\/p>\n","protected":false},"excerpt":{"rendered":"

Homeowners in the West Midlands expect their properties to increase in value by an average of 10.6% over the next six months according to a Zoopla survey. Optimism among the country’s homeowners is on a high at the moment, with the vast majority of those surveyed by Zoopla expecting the value of their properties to… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":17135,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[33,341],"class_list":["post-17084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-housing-market","tag-house-prices","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/17084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=17084"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/17084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/17135"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=17084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=17084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=17084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}