Optimism prevails in the market the UK real estate across the country. The most recently published index from Knight Frank and Markit HIS showed that the market sentiment is positive and the vast majority of them believe that the prices of property in the UK in September will grow. Also, respondents believe that prices in a year will be higher than it is now, but more confidence in the southern regions of England. The September index of sentiment of the property market (House Price Sentiment Index – HPSI) were at the level of 56,9 , which indicates the growth of the British market. Lower prices says the value of the index less 50.
It should be noted that before the referendum, the Sentiment showed a lot of confidence – from 59.9, and the maximum value over the past seven years, the index showed in may 2014 to 63.2.
The last index indicates the maximum confidence of Londoners and residents of southern England, where it was achieved, 63 and 60, respectively.
Sentiments about the future market in UK property has also increased. Index about the prospects of real estate prices in the next 12 months increased from 58,3 in August 2016 to 64.7 in September.
The Sentiment index of real Estate Prices – an important indicator, mirroring the state of the housing market. These data indicate a strong state economy and reduce unemployment. Uncertainty over the details of a British exit from the European Union of course, present. But the prices of property in the UK are primarily based on restricted supply and low interest rates on mortgage loans.
The prospect of leaving the EU has added volatility to the market. Investor sentiment is worse than a year ago, significantly lower than at its peak in 2014, but the uncertainty due to Brexit could not deprive of confidence to a strong real estate market of the United Kingdom.
® Alice Morgan. G. 14.09.2016
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