Homeowners are feeling more positive regarding their finance than they have for a number of years, with indications that property prices are rising and conditions in the workspace are making progress.
The news, featured in a new report, is good news for tradesmen throughout the UK, with more money around to spend on work in the home. Builders in the Wirral and other parts of the country can probably expect an increase in workload.
More than a quarter of people admitted that their budgets decreased this month, with 9% seeing an increase, says Markit, the financial data firm.
A 41.5 reading for the month suggested the highest household sentiment since February 2009 at least, when the first survey was taken. Readings over 50 are a sign that finances are rising and readings below that number indicate a deterioration. Although the readings remains negative, four of the last five months have displayed an increase, said Markit.
The results of the study occurred simultaneously, with inflation being higher that it has been for over a year, which adds to the pressure households were already under. Indications of increased confidence in home owners, however, as well as increased wages, have played a part in indicating a brighter future, said the report.
Approximately 27% of people hold the opinion that their finances will make an improvement during the next year, with 37% per cent believing that they will get worse – the most positive outlook for almost three and a half years.
There was also a new high for mortgage holder sentiment and those living in private rental property were the most positive of all housing categories.