Confidence boost will 'increase UK property market activity'
Reports about the growing confidence in the UK property market will lead to an increase in buying and selling activity, it has been suggested.
The Little House Company, which is an online directory service for property sellers, said that as the UK heads out of recession there will be an increase in the "feel good factor".
A recent report by Rightmove found that house prices increased by 1.2% in the first week of the new year, which was driven by the number of optimistic sellers increasing their asking prices. It also found that 53% of people expect house prices to increase within the next 12 months.
Jane Marr, company director at the Little House Company, said: "Consumer confidence is catching and more reports like this will only serve to get those thinking about buying and selling property off the fence."
She added that the upcoming general election could be a factor behind the renewed sense of optimism within the market.
The level of housing stock on the market is currently at its lowest in a century.
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