The pace of house price growth in the U.K. may finally be slowing, amid concerns about interest rates rising sooner than expected.
Home-owner sentiment about what will happen to the value of their house fell in June for the first time in six months, according to the Knight Frank/Markit House Price Sentiment Index, which often foreshadows where house prices are headed.
This may increase hopes of a soft landing for the property market. There have been fears in recent months of a bubble building, particularly in London.
House price in the U.K. were 9.9 percent higher in April compared with the same month 2013, but in London, they leapt by 18.7 percent over the year, according to data from Britain’s Office for National Statistics.
In the capital – the driving force behind house price growth – expectations for future price rises were at their lowest level since December 2013, according to the index.
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