Most owners believe their house price is static or falling - survey
A survey of over 2,300 home owners across the UK suggests market sentiment is mixed, with most doubting house prices have risen. The survey was conducted just before this week’s warnings about the growing threat of a Coronavirus second wave.
Only one in 11 owners believed their property had actually increased in value since the Coronavirus outbreak.
Some 48 per cent - almost half - think the value of their homes has not changed in recent months, and around a quarter expect there has been some decrease in value, although most people feel this reduction will have been minor.
Around 85 per cent suggested they had undertaken some form of home improvement during the spring lockdown.
However the survey - conducted for Aviva - suggests that owners could be over-estimating the value of their properties by around 22 per cent.
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Source: Estate Agent Today
