Henley Standard Property
HOME

Date:

Order your copy Advertise with us! HENLEY PAGES
Delivering the news from Henley on Thames and South Oxfordshire for over 100 years
  News     Sport    Celebrity   What's On Regulars Community Info Henley Standard TV Lifestyle Property Jobs Classifieds Gallery Trade
                               Follow us    Follow us    Newsfeed Search the Henley Standard  
Homeowners report price fall
Published 26/11/12



KNIGHT Frank’s House Price Sentiment Index (HPSI) signals that average house prices fell for the 29th consecutive month in November.

However the proportion of homeowners reporting that the value of their home had risen climbed from six per cent to nine per cent, while the proportion saying that the value of their home had declined fell from 16 to 14 per cent. This resulted in a HPSI reading of 47.6, up from 45 in October. Any figure under 50 indicates that prices are falling, and the lower the figure, the steeper the decline. Any figure over 50 indicates that prices are rising.

The survey of 1,500 households across the UK showed that households in every region bar two felt the value of their home fell over the last month. The two exceptions, as has been the case for most of the year, were London (54.1) and the South East (50.5). Prices were perceived to have fallen most sharply in Wales (39.3) and the North West (45.1).

Since the inception of the HPSI, the index has been a clear lead indicator for house price trends. The index moves ahead of mainstream house price indices, confirming the advantage of an opinion-based survey which provides a current view on household sentiment, rather than historic evidence from transactions or mortgage market evidence.

The future HPSI which measures what households think will happen to the value of their property over the next year, rose sharply in November.


Around 30 per cent of households anticipate a rise in the value of their home over the next 12 months, while 18 per cent expect a fall. The resulting index reading is 55.9, marking a substantial bounce back from October’s reading of 50.5, which was the lowest reading in eight months. On a smoother three-month average reading, the future HPSI in November was 53.2, up from 51.8 in the three months to October.

Households in every region except Wales (45.2) expect the value of their property to rise over the next 12 months, with London leading the way (63.3).

Published 26/11/12

MOST POPULAR
Bin repainted
Jobs lost as The Quince Tree closes
Rowing club captain banned after probe
Heartbreak as lambs slaughtered in dog attack
Driver seriously injured in hit & run smash
Tributes pour in following death of Ron Needs
Opposing Tesco could be seen as 'snobbish'
Semi is one of the greenest houses in UK
LATEST BUSINESS NEWS HEADLINES
Jobs lost as The Quince Tree closes
New Vet clinic opens
Village given hope of faster internet access... at a price
Car dealer wins fifth customer service award
Village pub can’t make profit, saysáex-landlord
Royal honour
Clean dream
Go with the flow at this picturesque mill house
Adults living with their parents at 20-year high
If you fancy something a little more modern, try these two
Are you in the market for an estate agent?
Understanding... the mortgage credit directive
Latest Video View more from   Henley Standard TV
ADVERTISE WITH US
LATEST SPORTS HEADLINES
Allen set to play at fullback in last appearance
Shiplake College pupil to play internationally
Beaumont makes return at world cup
Five-star Henley clinch league title in style
Centre Flynn to make start as Hawks aim to do double
Top Videos
 
Most Popular
 
 
 
 
Higgs Group
HIGGS GROUP
Tel: 01491 419400
www.higgsgroup.co.uk
HENLEY PAGES
Tel: 01491 419419
www.henleypages.com
HIGGS PRINTING & DESIGN
Tel: 01491 419429
www.higgsprinting.co.uk
HIGGS OFFICE SUPPLIES
Tel: 01491 419499
www.higgsofficesupplies.co.uk
HENLEY LIFE MAGAZINE
Tel: 01491 419449
www.henleylife.co.uk
HIGGS GROUP, Caxton House, 1 Station Road, Henley on Thames, Oxfordshire, RG9 1AD.

Cookie Policy | Copyright and Terms | Competition Rules | Contact Us | Advertise with us | Site Map
© Higgs & Co (Printers) Limited 2013  |  Registered in England number 1418717