The past three years have been explosive for the UK housing market. Rising house prices, low interest rates, and multiple lending tools have made attempts to complete any type of transaction quite a positive experience. Most house owners deciding to move home took one glance at the status of the market and quickly adjusted to complete their project that much faster. Many decided to move up their plans and get started sooner in order to take advantage of the prime conditions. One thing which is almost for certain. The first few months of next year will be energised by the possibility of what the upcoming election will bring.

Along with an active UK housing market, the first several months of next year could see big changes in the amount of interest in foreign investment in property, especially with the looming possibility of rising interest rates.

Spain has emerged as a popular place to seek out property for purchase by British buyers.

Angelos Koutsoudes of the OverseasGuidesCompany.com , commented on the interest British buyers have demonstrated in foreign acquisitions, saying: “With a jam-packed Autumn Statement last week and considerable economic developments throughout 2014, thoughts now turn to next year – the pension reforms could channel more money towards property purchases, both in the UK and abroad, but the uncertainty that precedes a general election could hold market activity back a bit until after May. We’ll have to wait and see what direction the markets take as a result.”

A subdued housing market now will quickly erupt in many economists estimations as the calendar turns into 2015. Remortgage activity as well as original loan activity is expected to be quite nimble in the period before the interest rates begin to rise.