There has been a fall in the proportion of people expecting house prices to fall over the next year, according to Rightmove’s second Consumer Confidence Survey of 2011.
Rightmove surveyed the housing market sentiment of over 26,000 people and has found that the proportion of those expecting prices to fall has fallen from 32.3% to 24.9%. However, a further finding of the survey was that across the UK consumers feel prices in their local area are over-valued and need to come down.
Miles Shipside, Rightmove’s director, said: “Our Q1 survey measured the highest proportion of home movers recorded to date forecasting that prices would be lower in 12 months’ time. That was the position of a third of them then
