A new survey conducted by Prudential has revealed that property confidence continues to climb despite warnings of slowdown.

According to the study the 57% of the population say that compared to last year, the value of their house has increased. Yorkshire, Humberside and Scotland has seen the most people enjoy rising house values over the last year. While the West Midlands has seen the fewest.

Yet 43% of adults in Britain believe that they will see the same trend again over the next 12 months.

Angus Maciver, Director of Brand and Insight, Prudential UK, said: "What is interesting is that people still have an amazing amount of confidence in the value of their property. People think that by banking on bricks they cannot go wrong and many have had experiences over the last year that serve to reinforce this. Its here that people should be cautious.

"Although it is true that property has seen some extremely good times over the last decade or so, it is also true that people should be very wary about putting all their eggs into one basket. Thinking ahead, a good retirement plan should include lots of elements, of which property can be one. But if people are relying on their house price continuing to rise to fund their pension, then they may be in for a shock."