Confidence among British households about their property prices continued to weaken in August, data from a survey by Knight Frank and Markit Economics showed Friday.
The house price sentiment index (HPSI) dropped to 44.5 in August from 45.6 in July, indicating that households turned more pessimistic about their home prices. An index reading below 50 indicates deterioration in sentiment, while one above suggests improvement.
The latest reading showed that British households perceived that the value of their home declined for the twenty-sixth consecutive month.
Looking ahead, however, households expect house prices to rise moderately in the next twelve months, though the outlook calls for the smallest growth since February. Regionally, households in the North continued to expect prices to fall, while those in the South forecast increase.
"The overall HPSI results suggest that households perceive the housing market to be at its weakest point in six months, reflecting the downbeat economic data which has emerged recently," Gráinne Gilmore, head of UK residential research at Knight Frank, said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.