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Written by rosalind renshaw

All age groups under 45 expect house prices to rise over the next 12 months, while all of those aged over 45 expect prices to fall.

The age divide emerges in today’s House Price Sentiment Index produced by Knight Frank and Markit.
Gráinne Gilmore, head of UK residential research at Knight Frank, said: “The age ‘gap’ between those over and under 45 is perhaps some reflection of how the economic developments are affecting those at different times of their life.

“Older home owners who own their house outright or who have paid off a significant chunk of their mortgage seem to be preparing themselves for an erosion of the value of their asset as house prices fall.

“In contrast, younger families and individuals face an uphill battle to move home or get on to the housing ladder, and if prices rise as they expect, this will exacerbate their problems.”

However, the age divide is not the only chasm to be identified in the research of 1,500 households across the UK.

Households in every region apart from London perceive that the value of their home fell again this month. Expectations that house prices will rise over the next year are easily the strongest in London, and there are expectations that prices will rise in only six out of 11 regions.


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