92% of homeowners are ‘confident in house price rises in their area into 2016’

The Office of Budget Responsibility has revised its medium-term forecasts for the property market down by 5% to +34.1% by Q1 2020, but not as a result of yesterday's Budget. In real terms, that's a +13.

Expectations for future house price rises are at the highest level they've been all year, according to Knight Frank and Markit's latest sentiment survey. 23