The weekly confidence index from Bloomberg/Nanos Research weakened slightly for the week ending June 24th
but while concern over economic conditions are edging higher, sentiment in real estate remains strong.
“Positive perceptions of real estate is significantly higher than both the 2016 average and the 2008-2016 average,” said Nanos Research Group Chairman Nik Nanos.
The proportion of respondents who believe that real estate prices will be higher in 6 months remains around 43 per cent while around 39 per cent believe they will stay the same and 14 per cent think they will be lower.
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Optimism in the real estate market is helping to boost overall consumer sentiment.