Confidence in price rises at 3-year peak
HOUSEHOLDS expect the sharpest increase in prices over next 12 months than at any time since January 2010, according to the Knight Frank House Prices sentiment index.
Price expectations rose to record levels in London, while those in Wales and North East expect the most modest increases.
Those aged between 45 and 54 are most optimistic that prices will rise over the year.
Gráinne Gilmore, head of UK residential research at Knight Frank, says: “This reflects the rising confidence in the housing market which has emerged during the summer months. While the headline future index has reached a three-and-a-half year high, the regional picture remains mixed.”