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Property market confidence on the increase

14th November 2013

New research from Clydesdale and Yorkshire Banks today (8th November 2013) highlighted that confidence is starting to return to the property market.

Almost half (48%) of those surveyed as part of the Housebuyers Research believe that the value of their home will increase over the next 12 months. This is a marked increase from just 25% six months ago and 18% in April 2012.

  Stay the Same Increase
Oct 2013 49% 48%
April 2013 66% 25%
April 2012 66% 18%

Andrew Pearce, Retail Director for Clydesdale and Yorkshire Banks, said: “It is encouraging to see optimism returning to the property market with a significant increase in the number of people who believe the value of their property will increase.”
London continues to be the most optimistic region with 63% predicting an increase in house price. The Scots are the least optimistic - just 35% of those surveyed said they were expecting a price increase during the next year.

The most significant upsurge is in the East where 50% of homeowners now predict an increase in the value of their home.  Only 14% predicted an increase in April 2013.

Region Increase - Oct 2013 Increase - April 2013
London 63% 53%
South East 56% 30%
South West 56% 30%
East 50% 14%
UK average 48% 25%
Midlands 45% 25%
North West 42% 17%
Yorkshire 41% 17%
Wales 36% 20%
North East 36% 19%
Scotland 35% 20%
  Men Women Average
Oct 2013 54% 42% 48%
April 2013 29% 21% 25%
April 2012 22% 16% 18%

Men remain more confident than women when it comes to the value of their home. The latest research shows more than half of men (54%) believe their property will increase in value over the next 12 months compared to 42% of women.

Clydesdale and Yorkshire Banks, which have seen mortgage growth of 7.5% in the last 12 months, are currently providing a range of fee free mortgage offers*, waiving arrangement fees for customers looking to buy a new home, refinance their existing mortgage with the Banks or switch their mortgage to Clydesdale or Yorkshire Bank.  The offers are expected to run until December 2013.

Full details of Clydesdale and Yorkshire Banks are available by visiting or, or customers can visit their local branch or contact 0800 22 24 26 for Clydesdale Bank or 0800 20 21 22 for Yorkshire Bank.

*Terms and conditions apply - in branch, online or over the phone.

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