House price sentiment in UK leaps back

uk-houseHouse price sentiment in the UK has jumped back with households across the country believing that prices increased in August. According to the House price sentiment report from Knight Frank and HIS Markit, London households professed the biggest price growth in September, followed by the South East and East of England. The fore look also picked up again in September with households in all regions certain that the value of home will rise over the next 12 months. It is the second month on month rise in house price following the result of the EU referendum in June.

Gráinne Gilmore, head of UK residential research at Knight Frank, says: “House price sentiment is reflecting the broader pick up in confidence after the EU results. This comes as initial data shows a continuing positivity in both employment and economic output. The housing market is now entering the typically busier autumn season, with indications that activity is rising, especially in key urban areas. Despite of uncertainty surrounding, yet the fundamentals of the housing market remain unchanged, strengthened by limited supply and very low mortgage rates.”

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