UK House Price Sentiment Reaches Five Year High

Households’ perception of the value of their home has risen to a five-year high, an index has shown.

The Markit House Price Sentiment Index rose to 59.4 during December, and any value over 50 indicates prices are rising.

The index found people in London, the east of England and the South West were most positive about the price rises.

Those in the South East anticipated the biggest rise in house prices over the next year.

Expectations about future prices also rose to near pre-recession highs.

Estate agent Knight Frank carried out the research, with Markit Economics.

It marks the ninth consecutive month households across the UK report an increase in the value of their homes.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza