Con­fi­dence in price rises at 3-year peak

Yorkshire Post - Property - - PROPERTY -

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.”

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