A new report is sure to please those in the property market, as it indicates that confidence in the sector is continuing to rise.
Research conducted by Clydesdale and Yorkshire Banks suggests that around half of British homeowners feel their property will increase in value during the next year.
Confidence
The report seems to suggest that the market is certainly levelling out, showing that confidence has more than doubled since 2013. In addition, the findings show that just 2% of the population are worried that their home will decrease in value. 48% said that they expected no change.
The table below indicates have confidence has changed in the past few years:
| Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | |
| Increase | 50% | 54% | 48% | 25% |
| Stay the Same | 48% | 44% | 49% | 66% |
| Decrease | 2% | 2% | 3% | 9% |
Property market confidence is still high
‘There have been great changes within our property market and our latest research shows a sustained level of confidence in property values over the past three years,’ notes Steve Fletcher, Director of Retail Banking at Clydesdale and Yorkshire Banks.’[1]
Capital Gains
London is still the region with the most confidence in property prices, with 73% predicting higher prices in the coming year. No-one in the capital is predicting a decrease in property values.
In contrast to this, the North West saw 33% of respondents indicate that their property will rise in value in the next twelve months. 65% said there will be no change, while just 2% said there will be a fall.
By region, the predictions for property growth in 2016 were found to be:
| Region | Increase | Stay the Same | Decrease |
| London | 73% | 27% | 0% |
| South East | 64% | 34% | 2% |
| East | 60% | 38% | 2% |
| South West | 52% | 44% | 4% |
| UK average | 50% | 48% | 2% |
| Midlands | 43% | 56% | 1% |
| Yorkshire | 43% | 54% | 3% |
| Scotland | 43% | 51% | 6% |
| North East | 42% | 49% | 9% |
| Wales | 36% | 64% | 0% |
| North West | 33% | 65% | 2% |
Mr Fletcher added, ‘there are a number of different factors which have played their part in the ongoing recovery of the property market. The bank of England base rate has remained low and there has been steady growth in property prices and this has been reflected with sustained confidence of UK ho
[1] http://www.propertyreporter.co.uk/property/confidence-in-the-property-market-is-booming.html