Brits optimistic on 2013 house prices
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by Gill Montia
More people expect house prices to rise than fall over the coming twelve months, according to the latest Halifax Housing Market Confidence tracker.
Thirty-eight per cent of respondents are expecting to see the average UK house price increase in 2013, while only 18% anticipate a decline.
However, sentiment over buying and selling points to subdued housing market activity, with only 9% of people questioned thinking it will be a good time to both buy and sell, in the year ahead.
Concerns over job security and raising a deposit are seen as the main obstacles to purchasing a home, although the research shows a slight decline in respondents identifying the availability of mortgages as a major hurdle.
Looking ahead, Halifax housing economist, Martin Ellis, comments: “We expect continuing broad stability in house prices nationally in 2013.”
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