Although there has been political, as well as other types of news shake the foundation of the short term and long term forecasts of the UK housing market, it appears it will be quick to rebound according to many experts. The latest released data has pointed to possible gloomy times ahead for the market making reliable predictions hard to come by. Fundamentals of the market are standing strong and are considered to lead the property market into a solid tomorrow.

House price growth has always been a major indicator of the health of the housing market. Currently month on month, slight changes to growth indicate the market is in a bit of a state of limbo with no clear sided trend on the horizon. This idle condition is in stark contrast to remortgage activity which remains quite sturdy.

Remortgage activity remains strong for UK house owners who not waiting for a clear future to surface. This is due to the low interest rate level and how much they have to benefit from moving ahead now, instead of later. There is still significant savings to be found in obtaining a new mortgage deal.

One representative of a loan firm believes the market will improve in just a matter of months based on current conditions in property sales as well as rentals.

He states: “Despite a challenging period of economic turbulence, over the next few months we predict that house prices and lettings activity will pick up again. In large part, this is because the chasm between supply and demand persists and cannot be quickly fixed.

“In this climate, speed is of the essence and we’re seeing increasing interest from landlords and developers who are seeking out the flexible financing options needed to compete.”