Land Acquisition and Property Development Company | Creative PropertyLand Acquisition and Property Development Company | Creative PropertyLand Acquisition and Property Development Company | Creative PropertyLand Acquisition and Property Development Company | Creative Property
  • Home
  • About Us
    • About CPG
    • Our Guarantees
    • Covid-19 Policy
  • Our Services
    • Landowners
    • Property Developers
    • Property Consultancy
  • Acquisitions
  • Investors
    • Investing with CPG
    • Case Studies
  • CPG Blog
  • Contact Us

Predictions From The Experts On 2019 UK House Prices

    Home Residential Predictions From The Experts On 2019 UK House Prices
    NextPrevious

    Predictions From The Experts On 2019 UK House Prices

    By Harvey Raybould | Residential | 0 comment | 12 January, 2019 | 0

    At the moment a lot of people in the UK are obsessed about Brexit and the effect that it is going to have on house prices. This is understandable as there is a lot of uncertainty about how everything is going to turn out. So we asked the experts for their opinion about how they see UK house prices moving in 2019.

    The View of the Halifax

    One of the biggest mortgage lenders in the UK is the Halifax. Their managing director, Russell Galley, believes that the affordability of mortgage payments in 2019 will have a significant effect on house prices.

    He said that he is confident the growth in pay will continue this year but he is also aware that another rise in interest rates is likely too. These are likely to cancel each other out to some degree so he doesn’t believe that either of these factors will influence house prices.

    Galley thinks that if the UK can leave the EU with an agreement and a period of transition then he is optimistic about house prices in 2019. He believes that there will be a 2% to 4% rise in house prices in 2019 under these Brexit conditions which is a little higher than 2018.

    The View of Mortgage Broker John Charcoal

    Ray Boulger is the Senior Mortgage Technical Manager at mortgage brokers John Charcoal. He said that Brexit had already impacted house prices especially in London. What he doesn’t know is the magnitude of the effect that Brexit has had with house prices or whether this is worse than expected or better.

    Boulger went on to say that the housing market is far from perfect. There are often rapid changes in demand for properties but supply doesn’t move with the same speed. Factors such as employment levels. interest rates, mortgage availability and overall consumer confidence all have an impact on house prices.

    On the issue of further interest rate rises Boulger believes that if Brexit significantly weakens the UK economy then there will be a cut in interest rates rather than an increase. He thinks that a number of lenders will reduce their interest rates on fixed rate mortgages in January 2019 in an effort to improve the confidence of potential buyers.

    A no deal Brexit will have a negative impact on UK house prices in the short term believes Boulger. But over the course of the year he thinks that house prices will not change that much whatever Brexit terms are agreed. He forecasts an increase of just 1% for house prices in 2019.

    The View of the Estate Agents provided by Zoopla

    The Insight Director at Zoopla, Richard Donnell, stated that in 2018 the overall growth in UK house prices was around 1% and that this is below the 2017 growth of 3.5% for the previous year. This was mainly due to the fall in prices in London, the South East and the East of England.

    Donnell believes that the attractive affordability levels on offer outside of the South of England will continue to play out in 2019. Combine this with lower mortgage rates and employment rising he thinks that house prices will pan out pretty well in 2019.

    predictions for UK house prices 2019, UK House Prices 2019

    Related Post

    • property investor mindset

      How To Develop The Right Mindset For Property Investment

      By Harvey Raybould | 0 comment

      So you want to be a property investor? Do you have what it takes? The truth is that everybody has what it takes to be a property investor. The problem is that they do notRead more

    • property investment business

      How To Build A Property Investment Business

      By Harvey Raybould | 0 comment

      Before you attempt to build your property investment business you should decide which property investment strategy is best for you. There are many different strategies that you can adopt and hear are a few examples:Read more

    • Interior Design Tips

      Top Interior Design Tips for Rental Property

      By Harvey Raybould | 0 comment

      One of the difficulties of renting is not being able to do whatever you want in terms of design… if you’re an interior design fanatic, it can be a bit frustrating watching those home makeoverRead more

    • low risk property investment

      Is There Really A Low Risk Property Investment?

      By Harvey Raybould | 0 comment

      The first thing to say here is that all forms of property investment carry risk. There is no such thing as a risk free investment. But there are strategies that are less risky than others.Read more

    • Kent Countryside

      5 Reasons to Live in Kent

      By Harvey Raybould | 0 comment

      Kent is getting more popular as more Londoners succumb to its charm and decide that commuting is worth it. But what charms exactly is Kent offering to these urbanites? Here are five of our favourites: UnparalleledRead more

    • hands free property investment

      The Lowdown On Hands Free Property Investment

      By Harvey Raybould | 0 comment

      Sounds great doesn’t it? You hire a property management company to manage the tenants in your buy to let property investment. You do not need to spend any time on this at all. But isRead more

    • How to Avoid Rogue Landlords

      By Harvey Raybould | 0 comment

      Rogue landlords can make the lives of their tenants miserable. But avoiding them isn’t so easy, based on the number of tenants that are complaining. Does it have to be that way? We don’t thinkRead more

    • risks of property investment

      What Are The Risks Of Property Investment?

      By Harvey Raybould | 0 comment

      It doesn’t matter what business you are in there will always be risks and property investing is no exception. There is no need to fear these risks, but you must be aware of them soRead more

    Leave a Comment

    Cancel reply

    You must be logged in to post a comment.

    NextPrevious

    Search


    Harvey’s Latest Book


    Blog Categories

    • Advice For Landlords
    • Business Testimonials
    • Commercial
    • Decorating and Design
    • Kent County
    • News
    • Property Investment
    • Residential


    Please Follow & Subscribe


    Recent Tweets

    • With the right mindset, anything is possible!#healthymindset #healthylife #performancematters #motivationmonday… https://t.co/ZCAiWSco1B

      2 days ago
    • Do you have mental toughness?Do you have what it takes to bounce back from setbacks with property investment and… https://t.co/QVS3qiEhgP

      3 days ago
    • Are London and the South East property investment still a good idea?Read more about this, check the link below:… https://t.co/MX2UIplf3i

      6 days ago

    OUR MEMBERSHIPS…

    Registered in England and Wales No: 09252187

    OUR LATEST NEWS…

    • property investment predictions 2021

      Property Investment Predictions For 2021

      Due to the uncertainty of 2020, property investors are likely to treat

      31 December, 2020
    • Covid-19 UK housing market 2020

      Covid-19 & The UK Housing Market 2020

      When you think about it, it is incredible how resilient the UK

      24 December, 2020

    OUR CONTACT DETAILS…

    Creative Property Group
    Letraset Building, Wotton Road, Ashford, Kent, TN23 6LN

    Phone Number
    0800 488 0027

    Email Address
    [email protected]

    Click here for our Covid-19 Policy

    © 2019 Creative Development Services Limited | Property Investment and Development Strategists | Privacy Policy | Terms and Conditions
    • Home
    • About Us
      • About CPG
      • Our Guarantees
      • Covid-19 Policy
    • Our Services
      • Landowners
      • Property Developers
      • Property Consultancy
    • Acquisitions
    • Investors
      • Investing with CPG
      • Case Studies
    • CPG Blog
    • Contact Us
    Land Acquisition and Property Development Company | Creative Property

    COVID-19 Update and Cookies

    The team at Creative Property continue to work from home where possible and ensure we comply with current government and public health guidance to help keep everyone safe and well when out on site. Cookies help us to improve the service we offer you. For more info on our cookie policy please click here.