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

Print This Post

18 September 2015

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

“Brits continue to expect house prices to escalate, with London and the South East – two regions in desperate need of a larger housing stock – leading the way; this, of course, offers little respite to prospective first-time buyers in general and puts a tighter squeeze on those hoping to take their inaugural steps on to the housing ladder in the capital and around its commuter belt.

“Once again, figures tell the tale of an imbalanced housing market desperately in need of better supply side measures.”

“A 0.7 percent month on month fall in number of people intending to buy property in the next few months is also worrying, and an intention to buy property within the next one or two years definitely hints at some buyers having been put off for the moment by the uncertainty around a base rate rise.”

“The property market is certainly not stunted, and is healthier and more robust than before, but we’re still nowhere near prerecession levels of activity.

“Until Christmas, we’re now likely to see conveyancers battle over a market that’s growing steadily, not rapidly, an indication that those businesses working harder for a sharper, competitive edge are likely to outpace their rivals.”

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