You are here: Home - Mortgages - First Time Buyer - News -

House prices in 2019 forecast to remain steady – depending on Brexit

0
Written by:
20/12/2018
House prices in 2019 are set to grow by between two and four per cent, Halifax has predicted.

However, the property market’s performance next year is largely dependent upon the outcome of Brexit, according to the lender.

And the uncertainty around the UK’s exit from the European Union means there are risks to both sides of the forecast, Halifax added.

A shortage of homes for sale and low levels of housebuilding are expected to generally support prices and keep values stable.

House price growth in 2018 came in at the lower end of Halifax’s forecast, rising by just 0.3%.

Russell Galley, managing director of the lender, said: “Looking ahead, aside from the obvious political and economic uncertainty, the biggest issue for the housing market in 2019 will be the degree to which mortgage payment affordability changes.

“Average pay growth is likely to gather pace but, with a further interest rate increase also predicted, house prices are unlikely to be pushed significantly in either direction.

“Longer term, the most important issue for the housing market remains addressing the affordability challenge for younger generations through more dynamic housebuilding.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Five funds to help investors through 2019

2019 is likely to get off to a shakier start than 2018.  Adrian Lowcock, head of personal investing, Willis Owen, looks...

Close