Depending on which viewpoint an expert is using to view the UK housing market either the market is lacking the growth of the past few years and is weakened, or it is surprisingly showing growth under the shadow of Brexit’s uncertainty. For hopeful home buyers, the market is perhaps close to perfect to take advantage of the more attractive house prices, enthusiastic sellers, and low interest rates offered by lenders. According to Nationwide’s latest report UK house prices grew by less than 1% in April.

Nationwide reported an average house price of £214,920.

The start of the second quarter of the year may not be strong or robust, but it could be the start of something positive as first time buyers are expected to show up and take advantage of opportunities in the current market.

Nationwide’s chief economist remarked, “While the ongoing economic uncertainties have clearly been weighing on consumer sentiment, this hasn’t prevented further steady gains in the number of first-time buyers entering the housing market in recent quarters.

“Indeed, the number of mortgages being taken out by first-time buyers has continued to approach pre-financial crisis levels in recent months.”

Home buyers showing up to the market will be motivated by the continued competitive environment of lenders. Keen to get the attention of borrowers, new mortgage deals are being offered and many with incentives.

Homeowners, too, are finding more options and attractive remortgages.

It is expected that as summer draws near more properties will show up on the market offering even more options for those looking to make home ownership a dream come true and that could boost the market to remain in a growth pattern throughout the coming months.