Property investors 'confident in housing market'

Posted: 18 Sep 2007 10:24:26 GMT

Property investors are still confident about the future of the UK housing market, new figures from the Building Societies Association (BSA) have revealed.

Property investors are still confident about the future of the UK housing market, new figures from the Building Societies Association (BSA) have revealed.

According to a recent survey by the association, 89 per cent of investors say that they are confident about the next 12 months and that they believe property prices are set to rise in the future.

It also revealed that just one per cent of property investors would immediately put their portfolio on the market if there was a considerable price drop, while more than a quarter would look to buy more homes.

But it's not just investors who are confident in prices remaining steady – with two thirds of the general public believing they will continue to rise over the next year.

Just nine per cent said they though that the value of homes would fall, while one in five think that they are likely to remain steady from now until September 2008.

Adrian Coles, directory general of the BSA, said that although some experts had warned that the market may be "over reliant on consumers' expectations that prices will continue to rise", the report reveals that this is not the case.

"Consumers have a realistic view of the property market and house price expectations have not fuelled a price boom," he said.

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