Investor confidence in the UK property market has fallen dramatically, with more individuals convinced that prices are set to fall.
According to research from property portal Zoopla, the number of homeowners who believe that home values are set to rise has fallen from 78 per cent ten months ago to 63 per cent now.
Added to this, almost 90 per cent of those asked in the Housing Market Sentiment survey think that it is still problematic to obtain a mortgage, those looking at UK property may be interested to learn.
"The ongoing mortgage drought has started to have a real impact on consumer confidence, with optimism about the outlook for the housing market dropping sharply," said Nicholas Leeming, commercial director of Zoopla.
"Increasing activity levels is vital for the health of the property market and the wider economy in turn. The banks must pull out all the stops to increase lending."
Meanwhile, the latest report from international property consultancy and chartered surveying firm Cluttons shows that residential property prices in central London fell for the first time in 18 months during the third quarter.
According to research from property portal Zoopla, the number of homeowners who believe that home values are set to rise has fallen from 78 per cent ten months ago to 63 per cent now.
Added to this, almost 90 per cent of those asked in the Housing Market Sentiment survey think that it is still problematic to obtain a mortgage, those looking at UK property may be interested to learn.
"The ongoing mortgage drought has started to have a real impact on consumer confidence, with optimism about the outlook for the housing market dropping sharply," said Nicholas Leeming, commercial director of Zoopla.
"Increasing activity levels is vital for the health of the property market and the wider economy in turn. The banks must pull out all the stops to increase lending."
Meanwhile, the latest report from international property consultancy and chartered surveying firm Cluttons shows that residential property prices in central London fell for the first time in 18 months during the third quarter.
No comments:
Post a Comment