CCS Quarter 3 2010
this_quarter=”Q3 July 2010″
table1=”House price forecast – one year from now”
table2=”Is it currently a good time to buy?”
table3=”Is it currently a good time to sell?”
- Post-budget survey finds 41% still confident house prices will be higher in a years’ time,
though a less optimistic view than the 50% recorded last quarter
- Three-quarters expect prices to be the same or higher. Confidence that Government
austerity measures will improve prospects, or that the pain has yet to hit home?
- ‘Nervy minority’ grows to one in five, though still outnumbered 2:1 by ‘price optimists’
- Those feeling it is a good time to buy drops by almost 14% since this time last year
- Majority of people, an encouraging 57%, still feel that it is a good time to buy
- Little change in those expecting the market to be better in a year as uncertainty over mortgage availability and austerity measures prevails
- Around 1 in 8 people now believe the market offers a good time to sell
- Those believing it is a good time increases over 5% in the past quarter despite a growing over-supply of new property
- Significant drop of almost 20% in the proportion of people who believe conditions to sell property will be better in a year’s time
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, 5th July and Monday, 19th of July 2010. A total of 22,010 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.