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More Britons Expect House Prices to Rise Next Year

Britons’ confidence in the housing market has risen, with more consumers forecasting price gains than declines in the next year, a survey by Halifax showed.

A gauge of the housing market measuring value expectations climbed to 40 in June from 33 in March, the mortgage unit of Lloyds Banking Group Plc said in an e-mailed statement in London today. June’s reading was the highest since Halifax began the quarterly survey in April 2011. Fifty-two percent of respondents predict prices will advance over the next 12 months, with 12 percent forecasting decreases, it said.