Property prices will rise by an average 1.4% over the next 12 months, consumers predict, a stark improvement on forecasts last month of a 6.1% drop over the same period.
A Property Tracker survey by the Building Societies Association (BSA) found that, among 2,242 respondents, the average prediction for house price changes over the next year was for a 1.4% rise. According to the study, 59% of people now 'agree or tend to agree' that now is a good time to buy, compared to 54% in March and just 27% in June 2008. This finding was tempered by 61% of respondents who said a lack of job security remained the greatest barrier to property purchase. Paul Broadhead, head of mortgage policy at the BSA, says: "There have been a number of encouraging signs that the ...
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