There are around five potential home buyers for every property on the market, according to the latest research from Rightmove.

House prices will be helped by this shortage and some 54 per cent of people now believe values will rise over the next 12 months, the Consumer Confidence Survey revealed.

In the first three months of 2009, 69 per cent of respondents in the poll said that they expected property values to be lower in a year's time, demonstrating the turnaround in the latest figures.

"Those surveyed may feel that prices will increase, but that does not necessarily mean they are willing or able to purchase themselves, especially given the tight lending criteria required to access the best rates,"explained commercial director at the company Miles Shipside.

Earlier research by Rightmove indicated that rental prices increased over the last 12 months by 0.29 per cent with the average monthly cost to tenants standing at £597.68.

Written by John Weeks

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