According to the Knight Frank/Markit House Price Sentiment Index (HPSI), households in all UK regions expect house prices to rise over the next 12 months, with the strongest growth expected by households in London.
Households in most UK regions perceive that the value of their home rose in December.Those in London perceived the strongest rate of price growth over the course of the month, while households in the North East reported no change in prices.
Some 11.1% of individuals said they plan to buy a house within the next two years, down from a 12 month average of 12.8% .
“The localised nature of the housing market is highlighted in the index, with the regional difference between households’ perceptions of house price changes in December at its greatest for nearly 18 months. This regionalised picture is expected to continue next year, with households’ in London expecting the strongest growth in prices in 2016.” said Gráinne Gilmore, Head of UK Residential Research at Knight Frank.