Monday, April 23, 2012
Unbiased report on price sentiment.
Key headlines for April UK households perceive a decline in value of their homes for the 22nd successive month Lower prices recorded in ten out of 11 regionsâ€¦ â€¦with London bucking the trend Year-ahead outlook for house prices remains positive Change in current house prices Knight Frank/Markitâ€™s House Price Sentiment Index (HPSI) signalled a further drop in house prices during April. A perceived reduction in home values was reported by 17% of households, versus around 8% indicating a rise. At 45.4, the resulting HPSI figure is down from Marchâ€™s 20-month high of 46.6. Any figure under 50 indicates that prices are falling, and the lower the figure, the steeper the decline. Any figure over 50 indicates that prices are rising.