Belfast Telegraph

Confidence among region's homeowners improving: survey

Northern Ireland homeowners have shown the greatest improvement in confidence over the last three months, compared to other regions, according to a house price survey.

Three out of five (59%) homeowners in the UK expect house prices to rise over the next six months, according to the latest Zoopla.co.uk Housing Market Sentiment Survey.

Confidence in the market outlook has strengthened from its record low at the end of last year when only 54% of homeowners expected prices to rise, but remains some way below the levels seen one year ago when 81% expected prices to climb.

The greatest improvement in confidence over the last three months has been in Northern Ireland where 57% of homeowners now expect house prices to rise over the next six months, up from only 42% three months ago.

Improved confidence in the future of the property market combined with the arrival of spring has resulted in a rise in the number of homeowners planning to conduct home improvements over the next six months to 40% of all households. Nicholas Leeming of Zoopla.co.uk said: "Falling prices have created attractive buying opportunities and with continued low inventory of property on the market, homeowners are increasingly expecting prices to rise in their local area," he said.

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