Homeowners are cautiously optimistic about the housing market, with just under half of people now expecting prices to rise in the coming year.
According to new figures yesterday from the Woolwich, some 49 per cent of people now expect property prices to rise in the next 12 months, ten per cent more than during December, when confidence hit its lowest point since the survey began in 2001.
But despite the steady increase in confidence levels since January, people are still far less optimistic than they were 12 months earlier, when optimism reached a three year high of 66 per cent, the Woolwich added.
Andy Gray, head of mortgages at Barclays and Woolwich, said: "After five months of cautious improvement, we're almost at the half-way point, where the majority of people believe their property prices will improve.
"With confidence increasing, there will be less pressure to keep interest rates frozen."
He added that 32 per cent of people still expected house prices to remain flat during the coming months.
In the Midlands the number of people who thought the value of their home would rise rose from 48 to 50 per cent.