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Prospect of election causing market optimism

An increasing wave of optimism in the UK housing market is due to the upcoming general election, according to recent reports.*

With property owners anticipating a win for either side, optimism is increasing that a new or existing government will signal a sustained recovery for the property market. This theory is supported by recent statistics that reveal that consumer confidence in the property market is growing.

53% of the people surveyed expect house prices to rise in 2010, as the optimism sweeping through the industry is expected to encourage buyers and sellers back into the market. This should in turn reduce house prices to a more affordable level, as more properties are made available throughout the UK.

   *   Report by the Little House Company

Source: houseladder.co.uk

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