Post-election house price bounce – if any – ‘largely confined to the capital’

The rate of house price growth eased up in the immediate aftermath of the General Election, but homeowner's got a little bit more optimistic about rising values, according to the latest from Knight Frank.

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.