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House price sentiment bounces back to reach eight month high

The latest research from Knight Frank has revealed that households in all UK regions perceived that property prices increased in June 2015.

For the sixth month in a row, households in London perceived the biggest rate of house price growth over the course of the month. 

Expectations for future house price increases sped up to a six-month high, with households in the South East and London anticipating the strongest growth in price over the next year.

In the next twelve months some 6.6% of UK households plan to purchase a property, the research also found.

“Households' expectations for house price rises have reached the highest level this year as the results of the General Election provide some clarity on the outlook for the housing market and household finances,” Grainne Gilmore, Head of UK Residential Research at Knight Frank, said.

“Interest rates remain advantageous, with mortgage rates hitting record lows for those who can clinch a new deal. However the future house price index still remains below levels seen last year as constrained mortgage lending and affordability affect the market.”

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