Households across UK perceive that value of their home rose
April’s reading was the ninth consecutive month that the index has been in positive territory.
Some 20.6% of the 1,500 households surveyed across the UK said that the value of their home had risen over the last month, while 5.8% said that prices had fallen.
This resulted in a HPSI reading of 57.4, marginally lower than the reading of 57.5 in both March and February.
Any figure over 50 indicates that prices are rising, and the higher the figure, the stronger the increase.
Any figure below 50 indicates that prices are falling.
While still positive, house price sentiment remains below its peak of 63.2 reached in May 2014.
There remain fairly large regional variations.
Households in ten of the 11 regions covered by the index perceived that the value of their property rose in April. ■