Britons See House Prices Increasing This Year, Rightmove Says

inspector_monkfish

U.K. house prices will extend gains over the next 12 months as supplies remain constrained and the economy improves, Rightmove Plc said, citing a survey of consumers.

Fifty-three percent of respondents forecast that average house prices will increase over the year, the U.K.’s biggest property Web site said in a statement today in London. In a similar survey a year ago, just 10 percent of Britons expected prices to rise.

http://www.bloomberg.com/apps/news?pid=20601085&sid=apaB7Fp6UqpE

Blacksheep1979

wow, just over 1 in two people 'think' prices will go up - well it's conclusive....

inspector_monkfish

Blacksheep1979 wrote: »

wow, just over 1 in two people 'think' prices will go up - well it's conclusive....

i think the point they are trying to make is that its a lot higher percentage than the last time they were surveyed

Blacksheep1979

Yes, but who are they surveying? Estate agents, developers - people with a vested interest of prices going up?

doire_2

Rightmove surveyed 32,771 people from Jan. 4 to Jan. 18 for the survey

And if they surveyed another 32,771 and the result was many see a fall would RM brag about it? I doubt it.

Just more noise from RM

inspector_monkfish

i guess if they surveyed the same 32,771 people that they surveyed last year, it would hold some weight..... but we don't know!

Really2

doire wrote: »

And if they surveyed another 32,771 and the result was many see a fall would RM brag about it? I doubt it.

Just more noise from RM

Did they not publish the results last year when it was only 10%.??????????

Of course they did, why the venom?

ps. the sample size is much larger than most surveys we see on here.

Dan:_4

I have no VI either way, but I can see house prices finishing up higher this time next year, if only by a few %

chucky

inspector_monkfish wrote: »

U.K. house prices will extend gains over the next 12 months as supplies remain constrained and the economy improves, Rightmove Plc said, citing a survey of consumers.

Fifty-three percent of respondents forecast that average house prices will increase over the year, the U.K.’s biggest property Web site said in a statement today in London. In a similar survey a year ago, just 10 percent of Britons expected prices to rise.

http://www.bloomberg.com/apps/news?pid=20601085&sid=apaB7Fp6UqpE

this survey is flawed as they failed to ask the 10 posters on this forum who think house prices will drop this year.

lemonjelly

inspector_monkfish wrote: »

i guess if they surveyed the same 32,771 people that they surveyed last year, it would hold some weight..... but we don't know!

Not sure you can say that really, after all last year only 10% of them felt prices would rise. Their track record isn't anything to write home about.

I said on a thread last week, my feeling is that overall, take home pay & moreso, disposable income is going to be falling. Though unemployment hasn't risen as badly as some expected, I had the feeling that a lot of people made redundant have gone into lower paid/part time jobs. In addition, pay freezes & cuts are going to be the norm. People have less to spend, both on the high st, & on homes.

Seems the cipd agree http://news.bbc.co.uk/1/hi/business/8477687.stm

Sir_Humphrey

Meaningless survey from a company with a long track record of PR spin.

A story as easy to write as cut and pasting a press release.