FT: The problem with the UK house price index

Prices are currently on a 'modestly improving trajectory after oscillating around a more or less flat underling trend for much of the past two years,' reports Acadata.

Fewer than a third of consumers now expect prices to rise over the next 12 months, down from more than half last year, according to latest OnTheMarket poll.

Knight Frank's latest index shows annual growth slipped from 2.3% to 1.4% in Q1, but 91% of the 55 markets tracked were still in positive territory.