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Property Sentiment Survey Results: Q3 2011

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According to the latest Zoopla.co.uk Housing Market Sentiment Survey, the proportion of homeowners expecting prices to rise is up from 57% three months ago. However, confidence remains well below the levels of late 2009 and early 2010 when 80% of homeowners expected house prices to rise.

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Page 1: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

Property Sentiment Survey Results: Q3 2011

Page 2: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

2

4,644 respondents were homeowners

Q: Please tick all that apply - I am a...92%

7% 5%

Owner

Renter

PropertyProfessional

Page 3: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

3

What will happen to the value of these over the next 6 months?

59%

19% 22%

59%

15%

26%

Rise Flat Fall

My homeMy area

Page 4: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

4

By what percentage do you think property values will change over the next 6 months?

2.7%

3.3%

Owner

My areaMy home

Page 5: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

5

Which of the following, if any, will you do over the next 6 months?

7%

18%

39%

21%

Refinance amortgage

Sell property

Improve a property

Buy property

Page 6: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

6

What signs would make you think the property market is improving?

14%

24%

44%

46%

47%

60%

Agents received more properties to sell

The number of viewings per property increased

House price indices reported 3 consecutive months

positive news

Properties started to sell over or above their asking

price

More mortgages became available in the market

Evidence of property sales in my area

Page 7: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

7

Compared with 3 months ago, is it easier or harder to get a mortgage now?

12%

55%

33%

Easier No Change Harder

Page 8: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

8

Compared to the last 12 months, how much will you spend on home improvements over the coming year?

30%

42%

28%

More Same Less

Page 9: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

9

Regional Results

Page 10: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

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What will happen to the value of YOUR HOME over the next 6 months?

60%

58%

55%

51%

19%

20%

17%

15%

21%

22%

29%

33%

England

Scotland

Wales

Northern Ireland

FallFlatRise

Page 11: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

11

What will happen to the value of YOUR HOME over the next 6 months?

52%

62%

68%

58%

58%

51%

58%

62%

56%

55%

58%

55%

25%

18%

17%

15%

21%

15%

20%

19%

19%

17%

19%

20%

24%

20%

15%

28%

22%

33%

22%

19%

25%

29%

23%

25%

East Midlands

East of England

London

North East England

North West England

Northern Ireland

Scotland

South East England

South West England

Wales

West Midlands

Yorkshire and The Humber

FallFlatRise

Page 12: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

12

What will happen to the value of homes in YOUR AREA over the next 6 months?

59%

58%

57%

54%

16%

14%

10%

5%

25%

28%

33%

41%

England

Scotland

Wales

Northern Ireland

FallFlatRise

Page 13: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

13

What will happen to the value of homes in YOUR AREA over the next 6 months?

51%

61%

68%

58%

57%

54%

58%

63%

55%

57%

58%

57%

20%

16%

15%

13%

16%

5%

14%

15%

16%

10%

17%

15%

29%

23%

18%

29%

28%

41%

28%

22%

29%

33%

26%

28%

East Midlands

East of England

London

North East England

North West England

Northern Ireland

Scotland

South East England

South West England

Wales

West Midlands

Yorkshire and The Humber

FallFlatRise

Page 14: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

14

By what percentage do you think property values will change over the next 6 months?

1.9%

2.8%

2.6%

3.6%

2.7%

2.2%

0.7%

2.9%

2.7%

2.0%

2.9%

3.0%

2.6%

3.0%

2.9%

3.2%

4.6%

2.3%

3.7%

1.9%

3.3%

3.0%

2.4%

4.0%

3.0%

2.9%

East Midlands

East of England

North East England

London

North West England

Northern Ireland

Scotland

South East England

South West England

Wales

West Midlands

Yorkshire and The Humber

England

My homeLocal area

Page 15: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

15

Compared with 3 months ago, is it easier or harder to get a mortgage now

11%

13%

13%

15%

8%

13%

11%

13%

15%

10%

8%

12%

11%

54%

52%

55%

57%

62%

51%

44%

57%

54%

58%

50%

51%

58%

36%

35%

33%

28%

30%

36%

44%

30%

32%

32%

43%

37%

31%

East Midlands

East of England

England

London

North East England

North West England

Northern Ireland

Scotland

South East England

South West England

Wales

West Midlands

Yorkshire and The Humber

EasierNo ChangeHarder

Page 16: Zoopla.co.uk - Q3 2011 Sentiment Survey Results

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Methodology

• Zoopla invited registered users of Zoopla.co.uk to participate in this study.

• The survey was fielded from 12th to 20th September 2011.

• There were 5,051 total respondents. 4,644 of these were homeowners. Statistics based on a sample of this size are accurate to within less than +/- 1.0% with 95% confidence, if the sample is drawn at random from the population it intends to represent.

• These respondents represent the perspective of the Zoopla.co.uk user community, and could be considered to represent the population of people interested in the UK residential property market.

• All statistics are based on the full sample unless otherwise noted.