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Britons expect house prices to rise rather than fall

More Britons expect house prices to rise rather than fall over the next twelve months, according to the Halifax Housing Market Confidence tracker.

Although house prices fell by 1.2% on a quarterly basis in April, one in three of survey respondents actually predicted that average UK house prices will rise this year, whilst 23% expect a fall in prices. This means, on balance, more people in Britain think house prices will rise than fall, revealing a positive House Price Outlook Score of +9 percentage points.

Half of Britons (50%) think that it would be a good time to buy over the next three months – more than three times the proportion that felt that it would be a good time to sell (14%). Just 15% were positive about both buying and selling in the next 12 months, suggesting that the level of housing market activity may remain subdued.