Housing Market Confidence Low

Housing Market Confidence Low.

Consumer confidence in the housing market is at a 12 month low according to Halifax quarterly data. The dip is thought to be a result of the outlook for the economy.

House prices remained strong as the difference between those who thought it was a good time to buy and those who thought it was a bad time were at a similar point. Over the last three years market confidence has been increasingly high and over the last twelve months has reached a slowing point.

Positivity in London has also remained stronger than other regions with 79% expecting a rise compared to the 68% everywhere else. This is in line with the most recent data from the Office for National Statistics (ONS) which showed house prices in the last twelve months have risen 11.7%, while in London rose 20%.