Young people expect house prices to increase soon

Six out of 10 people looking to buy a home think prices will not fall any further in the coming 12 months. The survey from Rightmove.com found that only 35 per cent of those questioned said they thought the property market correction had further to go – down from 69 per cent three months ago. Young people are the most optimistic, with 41 per cent of 18- to 24-year-olds expecting property prices to rise this year. People still think it is a buyer’s market – with 71 per cent believing it is a good time to buy, compared with 2 per cent who think it is a good time to sell.