It seems that UK housing market has managed to regain investor’s confidence. As per a  recent survey conducted by Zoopla.co.uk Housing Market Sentiment, over 50% people are positive about the rise in prices of houses in the near future as compared to 25% pessimistic participants.

The survey revealed that Scottish are the most confident investors among all the participants of the survey. Contrary to the message sent by the survey, a latest report by Halifax has revealed that house prices were slashed by 0.6% over a period of three months and subsequently, by 2.9% over a year.

As per the housing economist for the Halifax, Martin Ellis, the quarterly decrease in the housing prices was far below in comparison to that of the third and fourth quarter fall of 2010.

Though a recent positive report of the employment sector in the UK seems to have triggered the housing prices, the overall economic downturn is predicted to affect the ratio of demand and supply in the UK housing sector in the coming time.

Contrary to the optimism engraved in the minds of investors, the Chief Economist for IHS Global Insight, Howard Archer, claimed, “The  house prices will fall by around 5% overall in 2011 and end up losing around 10% from the peak levels seen in the first half of 2010”.