Majority of homeowners believe the value of their home will stay the same

06/03/2012

New research from Clydesdale and Yorkshire Banks has today (Tuesday 6th March 2012) revealed that an encouraging 84% of homeowners think the value of their home will increase or stay the same over the next 12 months.

Just 16% of people think the value of their property will decrease in the next year with the majority of people (66%) believing it will remain at the same level.

Homeowners in London are the most optimistic with 39% of respondents believing their property will rise in value in the next 12 months whilst in contrast only 10% in the East thought their home would be worth more by this time next year.

The 16 to 24 age group is the most positive about properties rising in value – 67% confident they will increase with 33% thinking they will stay the same.

Women are slightly more hopeful about property prices than men with 85% believing the value will rise or stay the same, compared to 83% of men.

Steve Reid, Retail Director for Clydesdale Bank, said: “It is encouraging that such a high percentage of people have confidence in the property market and the value of their home.

“Clydesdale and Yorkshire Banks offer a range of competitive mortgages and solutions for buyers who want to buy their first home or move up the property ladder.”

For more information on the wide range of mortgages offered by Clydesdale Bank please contact 0800 111 4147 (opening hours 9am – 5pm Mon-Fri) 0800 678 1230 (Monday to Friday 8am to 8pm) or visit www.cbonline.co.uk.