Confidence 'growing in housing sector'

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Confidence 'growing in housing sector'

The majority of people are expecting their houses to increase in value over the coming year, new research has revealed.

A study carried out by Zoopla.co.uk found that 81 per cent of Britons are anticipating their homes price rises.

Nicholas Leeming, commercial director at the company, said this time last year, the outlook was bleak.

"But a year is a long time in the housing market and, while the recovery is still in its infancy, optimism is now back to levels not seen since the credit crunch began in 2007," he added.

The research revealed that Scottish homeowners are the most optimistic about the value of their properties.

According to the Halifax House Price Index, the cost of the average property stood at £169,042 in December.

Overall, prices have risen by 9.4 per cent since April 2009, the data revealed.

ADNFCR-323-ID-19548591-ADNFCR

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