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2 January 2013

Brits optimistic on 2013 house prices

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by Gill Montia

Brits optimistic on 2013 house prices

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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