Rising confidence signals autumn boost for housing market

* Househunters point to brisk Autumn housing market.

* More than 50 per cent of househunters positive on the market for the third month in a row, best since October 2004.

* Transactions to hit 140,000 in November, highest for 18 months.

* Confidence leads transaction volumes by 4 months.

* Meeting of buyers’ and sellers’ minds supports renewed sales activity.

* Prices stable despite uptick in volumes; +0.2 per cent over next year.

Propertyfinder.com’s analysis suggests transactions could hit their highest level since May 2004 by November this year.

Jim Buckle, managing director of propertyfinder.com explains: "Three months of sustained confidence will herald a post-summer pick-up in the housing market.Now interest rates have been cut and with a further cut expected in the autumn, the market can steadily pull out of the doldrums. We expect transactions to strengthen into the Autumn after a normal seasonal summer lull."