Dinner table conversations these days prove that you don’t have to be an estate agent or work in the property industry to have a view on the UK housing market.
Just a look at the headlines and stories on housing which appear in the media every week is further proof of the country’s interest in all things bricks and mortar.
But in the media it’s more likely to be agents or industry specialists giving their view, rather than homeowners or renters in specific parts of the country. Yet the sentiment of homeowners and renters plays an important role when it comes to the housing market – not least in determining decisions about whether to buy or sell a home, whether to upsize, downsize or just move to a different area. This is especially true among discretionary buyers, those who are not motivated by necessity.
So every month we at Knight Frank, alongside IHS Markit Economics, ask households – those who own their home outright, who are repaying a mortgage, who are renting and even those living at home rent-free – about their opinion on the value of the property in which they live.
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