Hopes Rise for Houses
People bullish about UK house prices outnumber the bears five to one, according to a survey of consumer confidence by Rightmove. 56% of respondents expect house prices to rise in the next year, against 11% predicting falls. The bottleneck in supply could continue, with only 5% saying now is a good time to sell.
The findings show a dramatic turnaround from the first quarter of 2009, when 69% of respondents foresaw price falls.
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