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Declining expectations of house price rises

23 Jan 2015

Current and future sentiment on price rises moderated in January, according to the January snapshot of the Knight Frank/Markit House Price Sentiment Index (HPSI)

The index has an excellent track record of being a forward-looking indicator, with actual house price movements typically following suit a couple of months later

The HPSI reading was 58.2, which is the twenty second consecutive month that it has been above 50 (above 50 indicates that prices will rise), but that it has now been on a declining trend since early 2014, and is the lowest in fourteen months - the average reading for last year was 61.0, and the peak was 75.1 in May

All 11 regions covered reported that prices still rose this January, and all expected prices to rise this year, but at a more moderate pace than last year - Go Global Student would argue that with prices to income values stretched, this moderation is healthy for stability and future growth.

The survey of 1,500 individuals was conducted online from 14th - 19th January by IpsosMORI, with quota controls of age, gender and region to give a representatve sample of housing market participants. Knight Frank/Markit are responsible for the analysis, reporting and interpretation of the the data collected

For the full realease and further analysis see here 

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