Recent opinions expressed and data revealed indicate the UK housing market is moving steadily along at the moment and the uncertainty of Brexit is not killing confidence. July data indicates the market as stable however with just slight changes in relevant figures. August once again proved the housing market is maintaining its stamina and exhibiting an ability to deal with stressing circumstances. Completed transactions during the month of August totaled almost 100,000 which is a 1.3% increase over the month prior. This figure also indicates a slight decrease compared with the same time last year of 2.6%.

House prices are typically the measuring stick which is noted to rate the strength or weakness of the housing market. In these extenuating times however, other data is used like completed transactions and the pace of change in relevant trends. For example, as completed transactions are running along at a steady pace, remortgage activity is by contrast moving along at a robust pace.

The amount of remortgage activity which is currently taking place is not expected to change, either. Many housing experts are predicting high demand for remortgage at least through the rest of the year and into 2019. This trend is expected to continue due to low interest rates and the number of attractive deals with stellar incentives being offered by a number of high profile lenders.

Some housing experts remain confident in the housing market to completely turn around after Brexit negotiation concludes and the economy once again moves forward. They claim the market will experience a period of correction before brighter days take the place of uncertainty.