Property market brims with confidence

Mon 18 Nov 2013

The Knight Frank sentiment survey reached a record high in October, although it did drop very slightly in September.

This is likely to be a blip though, as the message filters through to property owners that the market is now gaining pace. House price sentiment has been positive for eight consecutive months.

Tim Moore, senior economist at Markit, said that the latest data showed the removal of a "small amount of froth".

“However, with just one-in-fourteen households anticipating a drop in property values over the 12 months ahead, there is a widespread belief that UK house prices will continue on an upward path in 2014," he added.

“Looking at the regional picture, Londoners are still by far the most likely to forecast increases in their property values, while the East of England replaced the South East in second spot for expected house price growth.”

Thus far in November 20 per cent say that their house has risen in value over the last 30 days, up from 9.1 per cent in November last year.

Gráinne Gilmore, head of UK residential research at Knight Frank, said: “The sharp rise in the House Price Sentiment Index since the start of the year has been reflected, with some time lag, in recent house price indicators for the UK.

“Confidence across the housing market has been lifted by brighter economic conditions and government interventions in the mortgage market.

“Those holding some or all of the equity in their home are the most confident that prices will rise, but households in the private rented sector also expect price growth over the next year – which could impact hopes they may have of home ownership.”

The picture is a rather less encouraging one for those not yet on the ladder though, with increased sentiment and prices not yet encouraging a boom in supply.

Doug Shephard, director at, said: "Potential buyers, especially those in London and the South East, are set for more frustration for the rest of 2013 and into 2014.

"Their choice of properties to consider is the lowest it has been since 2007 and there are no signs of possible improvement.  The flip side for vendors is, of course, more positive. The low volumes of property that do make it to the market are in higher demand, and the typical time on market is four days shorter than this time last year."

Source; Zoopla

January 2017


April 2014

What dreadful decor would put you off buying a house?

March 2014

10 mortgage pitfalls and how to avoid them

Rising housing market spreads beyond London and south-east

February 2014

Help is at hand!

Moving to your own place? If you're renting for the first time follow Shelter�s top tips to avoid the common pitfalls.

Investments Opportunities

OFF market and GREY market

January 2014

Home or Space Ship?

Estate Agent in East Yorkshire


Residential Investment Portfolios for sale

Growing North-South split shown in latest property-price figures

December 2013

Estate Agent in Hull, Derby and Nottingham

Sell your house for FREE

House prices could rise by 8% next year, says Rightmove

UK weather: Clean-up operation begins following worst storm in 60 years

Residential Portfolios for sale

Housing market: surveyors most upbeat in 14 years

House prices rise again as supply squeeze continues

Why Invest in Hull?

November 2013

UK house prices rising 6% a year, says Nationwide

Mortgage lending hits nearly �10bn in October

Mortgage lending at highest level since 2008

Yorkshire bypasses � and betters � Help to Buy mortgages

BakerReed Properties Limited

Property market brims with confidence

House prices driven higher by supply shortage

The Ombudsman Service

What I'm really thinking: the first-time buyer

Buy-to-let indicates market is healthy

What estate agents have to tell you � changes to the law

HS2 and the villagers trapped in homes nobody wants

October 2013

House prices rising in every region in England � Land Registry

Pension or property � what's the best plan for retirement?

More evidence of growing homeowner confidence

Guide to money laundering

UK mortgage lending at five-year high

Rents rise to 'record levels'

Equity release � the gift that keeps on taking

Cash buyers waiting

Help To Buy

Five-year mortgage fixes start to rise

Should I use Help to Buy to buy a home?

House prices hit record high during summer