The first time this has happened since the Woolwich started tracking in 1988. People's confidence remained the same in June with 49 per cent of homeowners expecting prices to rise in value over the next 12 months, compared to 65 per cent this time last year.
Andy Gray, head of mortgages at Woolwich, says, "Confidence has stabilised after improving considerably from a historic low of 39 per cent in December 2004, continued interest rate stability will no doubt help to maintain and improve confidence."
Although confidence for the country as a whole has remained static, there have been regional fluctuations. Scotland, North East, Yorkshire, Midlands, East and London are the regions which have driven this standstill, whereas Wales and the South West have bucked the trend as people's confidence has grown by three per cent and 13 per cent respectively since April this year.