In the latest data to surface regarding the UK housing market, buyer demand is slowing, overall property sales are stagnating, and an overall concern is growing that it could be a possibly slow summer season. Political turmoil combined with rising inflation is creating an unsettling mix of factors which could lead to a slow season for the market overall, experts contend. Remortgage is being widely discussed even after a strong start to the year and promising figures forecasted for the next few months.

Further evidence the UK housing market is slowing continues to mount as the Royal Institution of Chartered Surveyors believes momentum is slowing and a possible slow summer is upon us. In the latest round of data, household budgets are becoming tighter due to inflation and house prices are still a major barrier for many to overcome.

Some parts of London have been struck especially hard and have resorted to numerous incentives in an effort to sell. Some agents and property developers are offering cars or other material gifts for free with the purchase of a house.

The remortgage sector is even cause for concern after such a strong start to the year. February posted some of the highest remortgaging figures for years, but it is still a sector which is being watched carefully. The month immediately following February showed anything was possible as remortgage took a dive and shocked many housing experts.

Although recent figures indicate the housing market is showing signs of slowing, many households still remain optimistic. Recent data from website Zoopla showed more than three-fourths of Brits believed their region house prices would increase in the next six months.