You are here: Home - Mortgages - Buy To Let - News -

Rightmove: house prices set for zero growth in 2019

0
Written by: Lana Clements
07/12/2018
Homes listed for sale in 2019 are predicted to have the same average asking price as this year, although a North-South divide is expected to emerge.

Asking values will be flat in 2019, as political and economic uncertainty constrains growth, Rightmove is forecasting.

On the positive side, the property website believes that underlying fundamentals of the market will prevent an overall fall in prices.

However, in the South asking prices are expected to dip, with values in London-commuter regions tumbling by around 2%.

This will be offset by buoyant markets in the North, which are predicted to rise by up to 4%.

Miles Shipside, Rightmove director and housing market analyst, said: “Since the property market’s recovery from the 2008 financial crisis, many parts of the northern-half of the UK have seen marginal or relatively modest price increases.

“We predict that these areas will continue to see price rises, though tempered by affordability constraints.”

Rightmove is forecasting that regions in and around London, which saw prices go up in a five-year period by an average of around 40%, will experience “modest downward price re-adjustments in 2019”.

 “Agents in some locations are reporting that home movers are being negatively influenced by the ongoing political uncertainty, and a more certain outlook would obviously assist market sentiment.”

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 wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week