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Lead indicator for South-East house prices hits all-time high

23 Nov 2015

The index, produced by property consultants Knight Frank and renowned provider of financial services information Markit Economics, also showed that households in all UK regions expect their house to increase in value over the next twelve months

The figure for the UK for October was 58.7 - the thirty-second consecutive month above 50 - any figure over 50 shows that prices are rising, and the higher the figure, the stronger the rise. The peak for the UK was 63.2, achieved in May 2014

However, the figure for the South-East was a record 82.9, indicating that households are more confident about their houses increasing in value over the next 12 months than at any time since the index was created in 2009

Knight Frank says that the UK property market is supported by good economic fundamentals (primarily improving employment conditions), and a shortage of stock in most areas

Increasing residential house prices will accompany or feed through to student housing, leading to higher rental values

For the full release see here

The index is based upon the monthly responses from approximately 1,500 individuals in the UK

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