8 in 10 homeowners expect property prices to rise over the remaining six months of 2019, according to the latest Housing Sentiment survey by Zoopla. This is despite evidence of a slowing market and continued political uncertainty.
Homeowners across Yorkshire and the Humber, the North West and Wales feel the most confident about property price growth. However, even across London and the South East, over two-thirds and three-quarters of homeowners respectively, expect prices to rise.
On average homeowners expect prices to rise in the region of 4.8%, with those in the Midlands and the North East anticipating rises of over 5%. This is substantially higher than the current level of house price growth (1.4%).
Positive consumer sentiment plays a key role in the housing market, encouraging both prospective purchasers and vendors, although sensible pricing in the current market will remain crucial to closing a sale.