24 Feb

Homeowners feeling positive

Homeowners feeling positive

Homeowners are feeling confident about house prices, according to a recent index.

The latest house price sentiment index from Knight Frank and Markit Economics shows that property owners feel the value of their home rose at the strongest rate in five years in February.

There was confidence in every region of the UK and confirms the positivity return to the country's real estate sector.

A total of 1,500 homeowners were involved in the poll and 25.5 per cent felt the value of their property had risen over the past month - compared to 8.5 per cent in February 2013. Just 4.2 per cent expressed concern the price of their home had fallen.

"The recovery in the housing market reflects the increasing economic confidence in the country, which recently resulted in an upgrade to economic growth forecasts, coupled with the assurance that interest rates will remain low," explained Gráinne Gilmore, head of UK residential research at Knight Frank.

There has also been a rise in rental yields across the UK. According to Move With Us, average rents rose by 0.77 per cent during the first month of the year - news that will be welcomed by buy to let landlords.ADNFCR-1222-ID-801697009-ADNFCR

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