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UK house price growth likely to accelerate

23 Jun 2015

The Knight Frank/Markit House Price Sentiment Index (HPSI*), just released, shows that households are now more confident that the price of their home will rise in the next 12 months, than at any time since December last year

The main reason sited for the optimism is that the uncertainty from the General Election has now gone

The HPSI has proven to be an excellent leading indicator of future house price moves, and moves ahead of the major house price indices. This is due to the HSPI being an opinion-based survey, rather than on historical evidence from house sales or mortgage lending

*The HPSI is compiled based on responses from approximately 1500 individuals in the UK, and collected by Ipsos MORI, from its panel of respondents aged 18-64. The sample is structured according to gender, age and region, to ensure a true composition of the population. For the full release see here

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