British households perceived that the value of their home increased in June, though at a slower rate than in the previous month, survey figures from Markit Economics and Knight Frank showed Friday.
The Knight Frank/Markit House Price Sentiment Index, or HPSI, dropped to 59.7 in June from 61.0 in the previous month.
However, a reading above 50 signals a rise in house prices. This marked the thirty-ninth successive month of the index remaining above 50.
The future HPSI, a measure of expectations on house prices fell to 67.7 in June from 70.3 in May. This was the lowest reading since August 2013, indicating that households are less confident that prices will rise than at any time since then.
“The decline in the future household sentiment index to a near three-year low coincides with growing uncertainty over the result of next week’s EU Referendum as the debates over the UK’s future step up a gear, ” Grainne Gilmore, head of UK residential research at Knight Frank, said.
The material has been provided by InstaForex Company – www.instaforex.com