Public confidence in housing market grows — February 25, 2010

A recent survey has shown that confidence in the housing market in the United Kingdom is growing.

The survey took into account a cross-section of British residents and their opinions regarding the property market. Only 13% of people who took part in the survey claimed to be concerned about further falls in house prices in 2010, signalling a major improvement in public attitudes towards housing.

Nearly 70% of those asked also maintained that current low interest rates were having a positive impact on their lives in general. In terms of buying property, nearly 90% of people expressed their belief that the current housing market is ideal for property investment in the UK and a similar figure thought property represented the most attractive investment option overall in comparison with other markets.

Public confidence in the state of the housing market can only mean good things for the industry in general. With more people attracted by property investment, the industry will have more opportunity for growth, and, taking advantage of the support that the government is currently offering for affordable housing, home builders will be able to increase their operations in order to meet growing demand.

Advisers in the industry have expressed their belief that the housing market will continue to improve in the coming months, but concerned parties should expect growth to be slow and steady.