UK Homeowners are becoming increasing confident that house prices will rise over the next 12 months.

Of the home owners polled for the latest Halifax housing market confidence tracker, 39 per cent think that house prices will rise over the coming year, comparing to only 20 per cent who believe that house prices will fall over the same period.

The results are the most positive since Halifix started polling home owners over 12 months ago, the poll shows that Londoners are the most positive about future house prices, with home owners in the North East region being the least positive.

“It is encouraging that the level of consumer confidence in the housing market continues to improve, albeit from a very low base.” Martin Ellis, housing economist at the Halifax

Other results from the poll show that 55 per cent of those questioned think it is now a good time to buy, compared to only 24 per cent who think it is now a good time to sell.  Job security remains the biggest obstacle facing potential home buyers, problems with raising a sufficient deposit was second.

“Overall, we continue to expect little overall movement in prices this year provided that the UK economy does not suffer a pronounced weakening.” Martin Ellis added.