Household sentiment in the UK made something of a comeback this month, according to global property consultancy Knight Frank.

Expectations for future house price rises in the UK rallied to a six-month high in June after the election's conclusive result shed some clarity on the property market outlook, according to Knight Frank and Markit’s latest House Price Sentiment Index.

Almost a quarter of the 1,500 UK households surveyed said that the value of their home had risen over the last month, while 4.6 per cent reported a fall. This gave June an index reading of 59.5, surpassing last month's reading of 58, the highest level since October 2014.

Aside from the less hazy political environment, Knight Frank attributed the pick-up in attitudes to a favourable interest rate backdrop, enabling lower mortgage rates.

“House price growth looks set to revive again after what appears to have been a lull due to the general election. The resumption of political stability is clearly good for the housing market,” said Markit's chief economist, Chris Williamson.

“At the same time, survey data shows that low inflation has meant homeowners have pushed back their expectations of when interest rates will start rising, adding fuel to the bullish view on house prices.”

The proportion of UK households planning to buy a property in the next 12 months crept up marginally from 6.4 per cent in May to 6.6 per cent this month.

The outlook was particularly bright in London and the South East, where households foresee the strongest price rises over the next year.

However, devolution uncertainty in Scotland and Wales following the election seemed to have shaped gloomier views on the countries' house price growth. 

Worth noting, June's high is still below the record high of 63.2 reached in May last year. Knight Frank's head of UK residential research, Grainne Gilmore, said this was largely down to constrained mortgage lending and affordability.