House price optimism rockets

Sam Cordon

November 8, 2013

London continues to be the most optimistic region with 63% predicting an increase in house prices compared to 53% six months ago.

Andrew Pearce, retail director for Clydesdale and Yorkshire Banks, said: “It is encouraging to see optimism returning to the property market with a significant increase in the number of people who believe the value of their property will increase.”

But optimism waned north of the border with 35% of Scots feeling confident that their homes would go up in value although this was an improvement on April’s survey when just 20% believed their house value would increase.

The most significant upsurge was in the East where 50% of homeowners predicted an increase in the value of their home compared to 14% in April 2013.

Men remained more confident than women when it came to the value of their home. The research showed more than half of men (54%) believed their property would increase in value over the next 12 months compared to 42% of women.

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