House price forecast – one year from now
- Q1 January 2010 Last quarterLast year
- House prices to go up53.6%-2.7%
43.8%
- House prices to stay the same30%0.9%12.3%
- House prices to go down12.6%1.7%-56.7%
Key points
- Huge sentiment swing from January 2009 with 53% now believing prices will increase in the next 12 months, from just 10% in Q1 2009
- Only 13% believe prices will fall over the next 12 months compared to 69% a year ago
- Slight dip in confidence regarding prices since Q4 2009
Is it currently a good time to buy?
- Q1 January 2010 Last quarterLast year
- Currently a good time to buy62%-6.1%-3.5%
- Better in one year to buy26%1.1% -12.3%
Key points
- Those feeling it is a good time to buy has steadily fallen for the last 4 quarters
- Only 1 in 10 people thought it was a bad time to buy, down 5% year-on-year
- Scottish are the most confident in their market with 67% believing it is a good time to buy
Is it currently a good time to sell?
- Q1 January 2010 Last quarterLast year
- Currently a good time to sell5.6%0.6%4.1%
- Better in one year to sell50.4%-3.8% 16.7%
Key points
- Bottleneck in supply with only 5% believing now is a good time to sell compared with 62% believing it is a good time buy
- Encouraging year-on-year fall of -23% in those stating it is a bad time to sell
- More people in London and the South East believe it is currently a good time to sell, both with 8.6%
About this survey
The data presented as part of this release is taken from the quarterly Rightmove Consumer
Confidence Survey. The survey seeks the views and attitudes of home-movers towards a key
British obsession – the housing market. Started in early 2009, more than 120,000 people
responded to the survey in its first year alone.
The Rightmove Consumer Confidence Survey provides a UK-wide picture of home-mover
confidence by collecting opinions on a range of factors affecting the housing market and
perceptions of it.
As one of the Top 20 most visited websites in the UK, Rightmove attracts a wide
demographic and one that very closely matches the working-age profile of the UK. Rather
than purely seeking the views of those currently active in the housing market, Rightmove’s
database ensures a much wider, more representative sample.
All responses were completed via an online questionnaire between Monday, 4th January
and Monday, 18th of January 2010. A total of 32,771 responses were received from
respondents during this time.
Data is weighted using Census data available from the Office for National Statistics to help
ensure the results are representative of the UK and its regions.
