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Half of Brits anticipate 2010 property price rises

Monday, 25 January 2010 6:00 PM

Britain's confidence in the housing market has improved significantly in the last year, according to a new survey.

Over half of British consumers (53 per cent) believe that house prices will rise over the next 12 months, compared to just ten per cent in January 2009, a Rightmove.co.uk poll shows.

Commenting on the results of the poll, Rightmove's commercial director Miles Shipside said: "Given the looming election and the talk of pending austerity packages ahead, this consumer survey highlights a surprisingly positive property price outlook."

He added that the recent property market trends are giving consumers the impression that "we are over the worst of the recent price falls, and that there is likely to be upward pressure on prices".

The survey has been published less than a week after figures from Halifax indicated that, over the last 50 years, house prices increased by the greatest percentage during in the last decade.

Between 2000 and 2010, house prices rose by 62 per cent, compared to just 61 per cent in the 1980s.

The worst performing decade for house prices was the 1990s, when values dropped by 22 per cent in real terms.

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