SALES NEWS: Consumer confidence in housing market still high
The economy, Brexit and even the election of US President-elect Donald Trump have all failed to dent public confidence in this country’s housing market according to a new survey.
Over 1,500 households were questioned in the survey by polling company Ipsos-MORI for the financial information company Markit.
A large majority in every region of the UK said they were confident that house prices would rise in the next year, while a smaller majority also believed house prices had risen just in the last month. Confidence was highest across the south west, south east and in London.
Although this monthly survey does not measure prices, it is considered a good barometer of sentiment about the economy including whether people feel confident enough to buy and sell their homes in the near future.