Search Acumen comments on Knight Frank/Markit House Price Sentiment Index (HPSI)

Print This Post

24 July 2015

Search Acumen200Andy Sommerville, director of Search Acumen, comments on the Knight Frank/Markit House Price Sentiment Index (HPSI) – July 2015:

“Consistently rising house prices have become a fact of life for the residential property market in recent years, but it’s a worrying sign on the surface that this appears to be dampening people’s purchasing plans over the next 12 months.*

“All the same, the market is yet to see the full impact of Mark Carney’s comments about an impending interest rate rise. The prospect of mortgage price increases in the near future may prompt households to reconsider their plans, and bring extra momentum to the second half of 2015 as buyers look to get in ahead of rising loan and house prices.

“Despite seeing some of the highest expectations for house price growth over the next 12 months, London and the South East are among the regions where intentions to purchase are the highest for the year ahead. Improving equity in their homes will help to give existing homeowners in these areas more financial clout.

“The data suggests conveyancers in these regions can look forward to a particularly busy period, to build on the 16-month high for transactions recently reported by HMRC.”

Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate

Legal Futures Blog

Delivering a first-class service experience

Helen Hamilton Shaw 2

I visit a lot of different businesses in the course of my job – both law firms and other types of organisations. This gives me a unique opportunity to compare how the legal sector is shaping up against the commercial world in how they welcome visitors to their business, and it’s fair to say that those that go the extra mile certainly stand out.

October 21st, 2016