European homeowners remain optimistic-220708

Homeowners across Europe have expressed confidence in the future performance of their domestic housing market.

According to a study by the Financial Times, people across the continent are largely hopeful that house prices will keep going up over the next five years.

This is despite the fact that many believe property values will either fall or remain on hold during the next 12 months.

Confidence was found to be especially high in Italy, as nearly two-thirds of respondents predicted a long-term increase in prices.

However, the positive outlook was not enough to prevent homeowners for calling for greater government assistance, either by subsidising mortgages or cutting property taxes.

Only 6% of respondents in Italy were against the idea of the government making these changes to the current system.

According to a survey by A Place in the Sun magazine, Italy is currently one of the top five locations for British property investors.

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