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The UK residential property market currently puts house buyers firmly in the driving seat, according to almost 60% of those moving home.

Figures from property website Rightmove, show that 6 in 10 of those planning to move home feel that property buyers are in a far more commanding position over property vendors.

Rightmove’s survey suggests that 30% of the country feels that UK property prices will decline in the coming 12 months and just 25% believe property prices will be higher by February 2013.

With the Olympic Games set to be hosted in London this summer, UK capital residents appear to be less negative about the housing market’s future prospects, with 1 in 3 London residents predicting that property prices in the nation’s capital will be higher than they currently are this time next year.

Director of Rightmove Miles Shipside, said: “Our survey shows that sellers in the South should have more reason to be confident than those in the North, though even within regions there is evidence of variations in confidence in local micro-markets.”

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