British households perceive that the value of their home rose in October, though the rate of increase was slower than from the previous month, a survey from Knight Frank and Markit Economic showed Friday.
The house price sentiment index, or HPSI, dropped to 58.1 in October from 59.3 in the previous month. However, a reading above 50 signals a rise in house prices. This marked the thirty-first successive month of the index remaining above 50.
The future HPSI, a measure of expectations on house prices, also eased to 68.7 in October from 70.0 in the prior month. It was the lowest level since February this year.
Households in London and the South East perceived the strongest price growth over the course of the month.
The share of UK households planning to buy a property in the next twelve months fell to 4.6 percent in October from 5.9 percent in September.
The material has been provided by InstaForex Company – www.instaforex.com