Monday, April 23, 2012

Unbiased report on price sentiment.

Knight Frank/Markit House Price Sentiment Index (HPSI) – APRIL 2012

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 regions… …with London bucking the trend Year-ahead outlook for house prices remains positive Change in current house prices Knight Frank/Markit’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 March’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.

Posted by khards @ 12:30 PM (1184 views)
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2 thoughts on “Unbiased report on price sentiment.

  • I dont have much faith in price sentiment being a good guide to house price movements in the near future. What are most people basing their views on – the mainstream media’s messages? or own job security?

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  • crash bandicoot says:

    So Knight Frank’s index has predicted falling house prices for 22 months, but Rightmove’s index showed a record high last month. Some separation between populations there. Maybe wanting/having to sell your house, clouds your ability to determine its true value.

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