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UK Property Watch: Most People in Britian Don't Want House Prices to Rise

Housing-Market / UK Housing May 11, 2009 - 09:27 PM GMT

By: BBC

Housing-Market Most people in Great Britain would not welcome a pick up in house prices, suggests a poll commissioned for BBC Two's Propertywatch.


The ICM poll found that 64% of people polled would prefer house prices to stay the same or decrease. Of those asked, 30% want them to decrease and 34% want them to stay the same. Only 32% of those interviewed say they want prices to go up.

It also suggests that older people in Great Britain are far more likely to want to see higher property prices than younger people. According to the poll, 40% of 55 to 64-year olds want to see prices rise and 21% want prices to fall; while just 18% of 18-24 year olds want higher prices compared with 52% who want lower prices.

Respondents were asked: "Thinking about your current circumstances, do you want house prices to increase, decrease or stay the same?" Four per cent say they don't know.

The results of the ICM poll, which gives a breakdown of findings across England, Scotland and Wales, suggest that Scotland is the place where the highest number of people want prices to go up (38%); only 29% there want prices to go down. The West Midlands is the place where the highest number want prices to decrease (38%) while just 26% want higher prices.

Propertywatch is a new four-part series on BBC Two that takes the temperature of the current housing market in the UK, Monday 11 to Thursday 14 May 2009 at 8.00pm.

Notes:

ICM interviewed a random sample of 2,006 adults aged 18+ in Great Britain by telephone between 29 April and 4 May 2009. The ICM survey was conducted across the country and the result has been weighted to the profile of all adults. ICM is a member of the British Polling Council and abides by its rules.

FS


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Comments

kim mccloske
12 May 09, 04:02
UK property prices

I live in Rugby and have been wanting to move for nearly 2 years. I am now finding it even less afordable to move up to the house that I want. My mid terraced house was priced at £145,000 nearly 2 years ago and is now likely to sell for £100,000. I was looking at detached houses around £210,000 and these have only fallen to about £180,000. Have the lower priced properties lost more money throughout the country?


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