Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 22 July 2016 12:10 am

Homeowners worried house prices are falling – but dip may prove temporary

By: Jake Cordell

Add as a preferred source on Google

Homeowners across the country think the value of their houses fell over the last month for the first time in more than three years.

With talk of a slowdown in transactions and pre-referendum warnings about a house price crash, the house price sentiment index (HPSI) compiled by IHS Markit and estate agents Knight Frank, published today, sunk into contraction territory.

The HPSI crashed from 59.7 in June to 48.3 in July on an index where scores below 50 indicate perceptions of falling prices.

Read more: Nobody wins from a house price crash

Despite fears their houses have lost value over the past few weeks, homeowners were still confident the trend of rising prices would continue. The longer-term HPSI which looks at expectations for house prices over the next year came in at 50.3, its lowest reading for 12 months.

Londoners were more confident that property would carrying on getting more expensive over the next 12 months, with the highest HPSI score, of 56.3, in any region.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics
  • Property

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • PwC joins the Canary Wharf crowd in major property shake-up

More from City PM

  • House prices jump as property market ‘treads water in rough conditions’

    Property
    The price paid for first homes has surged 7.1 per cent in a year
  • Mortgage approvals jump to 15-month high despite Iran war chaos

    Property
    Homeowners may be eying fresh mortgage deals after the Bank of England's cut.
  • London homeowners should stand up to Burnham’s property tax grab plans

    Opinion
    London residential architecture showcasing a classic townhouse with brick facade and traditional design elements
  • House prices stay flat in June as Iran war fallout continues to weaken the market

    Property
    The price paid for first homes has surged 7.1 per cent in a year
  • Would a Burnham premiership deepen the North-South housing divide?

    Property
    Andy Burnham returns to Parliament
  • Wimbledon property market drops ball ahead of Grand Slam

    Property
    Wimbledon tennis court with players in action, surrounded by a cheering crowd under clear blue skies
  • London house prices fall as Bank of England rate hikes loom over mortgage market 

    Property
    Housing delivery in London is in a major crisis
  • Londoners should back Andy Burnham’s property tax reforms – not fear them

    Opinion
    Luxurious mansions surrounded by manicured gardens in an upscale residential neighborhood, highlighting opulent housing tr...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy