More than a fifth of Britons believe the housing market will recover by the end of this year, a survey has revealed.
According to uSwitch.com, consumers are becoming increasingly optimistic about the economic prospects of the UK.
In addition to 13 per cent thinking the recession will be over by the beginning of 2010, 21 per cent expect the property sector to bounce back.
A further 44 per cent of respondents predicted an upturn by the end of next year, forecasts that could provide a boost to the building industry.
"Despite the doom and gloom … many consumers are seemingly exhibiting a 'British Bulldog' spirit amidst the financial crisis and finding ways to accentuate the positives," said Louise Bond, personal finance expert at the price comparison site.
Brian Berry of the Federation of Master Builders recently suggested that an increase in lending will be needed to fuel confidence in the housing market.
