Four in five expect house prices to rise

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Despite the Brexit uncertainty four in five (81%) Brits expect the value of property to increase in their area over the next six months, Zoopla’s UK Cities House Price Index research has found.

People predict prices to rise by 4.8% over the next six months, with those in Yorkshire and the Humber and the North West being most confident.

However homeowners in London are the least confident, with two thirds (67%) expecting prices to rise.

Laura Howard, spokeswoman for Zoopla, said: “Despite evidence of a slowing housing market and ongoing political uncertainty, homeowners remain optimistic about the future of property prices.

“Whether or not these forecasts prevail, consumer sentiment plays a crucial role in the health of the housing market.

“A feeling of stability means buyers are more likely to start actively looking for their next home, confident that now is the right time to make a purchase.

“And, in turn, an active pool of buyers will encourage sellers to list their homes for sale.”

More than nine in 10 (91%) homeowners in Yorkshire and the Humber expect prices to inflate by the end of the year, while a similar proportion made the same prediction in the North West (90.5%) and Scotland (90.3%).

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