Households’ expectations of future house prices jumped up, buoyed by the prospect that government housing schemes will push up mortgage lending and housing demand, reports cityam.com.
Home owners are optimistic about where their property value will be in 12 months than at any point since mid-2010, with an index value of 62 – where 50 indicates no change – up from the 58.4 level.
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The 18-34 age range were particularly bullish on future prices, according to the figures.
As has been typical since the credit crunch, Londoners are also particularly optimistic about where their house prices will go – with an index value of 70.8 dwarfing the UK average.
Markit economist Tim Moore said: "House price expectations have risen every month of 2013 so far, which marks the longest uninterrupted period of improving sentiment since the survey began over four years ago."
"April’s survey provides a snap-shot of how the Budget has influenced households’ perceptions of their property values – in terms of the price outlook, households reported the greatest post-Budget jump in sentiment since the stamp duty holiday extension in 2009."
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