Public Say House Prices Will Keep Rising This Year

Date Published 28 January 2010

Public say house prices will keep rising this year with only 13% of people thinking that the prices will fall. In comparison to January 2009 this figure stood at 69%!

Miles Shipside, Commercial Director of Rightmove said `Given the looming election and the talk of pending austerity packages ahead, this consumer survey highlights a surprisingly positive price outlook.`

He added, `The property market is in a virtuous circle scenario where consumers are seeing less property up for sale and property fresh to the market, selling more quickly!`

That rightly gives them the impression that we are over the worst of the recent price falls and that there is likely to be upward pressure on prices.`