UK housing market housing price growth is expected to be lackluster at best according to housing specialists. Uncertainty will prevail in the beginning of the coming year and leave many with major decisions involving property on the fence. Brexit negotiations coupled with a continued shortage of available housing for sale will place challenges before a large number of people into the New Year.

Overall house price growth is forecasted to hit 1% for most of the country which is lower than the projected 2-4% of 2017. Many housing specialists are estimating slower price growth due to prevailing uncertainty on many fronts. The political and economic climate are clouded and little clarity exists at this point.

A few factors are known at this moment for the coming twelve months and are expected to make an impact. Inflation level remains an issue of caution as it is affecting the amount of spending taking place regarding everyday items. This in turn affects the amount of spending within the housing market. Limited housing supply for sale is also affecting the number of transactions taking place. Sales are expected to be limited.

Fewer people moving home equals more home owners choosing remortgage. Interest rates are low and they are expected to remain at that level for some time. The coming year is forecasted to bring a continued high level of remortgage activity with many benefitting in various ways. Whether it is saving money or accessing valuable home equity during the process, remortgage is providing house owners reasons to act.