Making big decisions within the UK housing market can lead to dramatic success or an equal amount of regret. Over the last few years, chaos surrounding the market has made it difficult to accurately make the decision to sell or not to sell, to rent or not to rent. Then there is the decision to remortgage or not instead. Through house price fluctuations, Brexit vote, new tax laws, and other factors, most housing experts agree on one thing in the midst of major market moves. Cover all the bases and make sure the decision is well researched.

In the midst of the Brexit vote, new tax laws, struggling wage growth, and inflation lies continued uncertainty regarding the next step of the UK housing market. Many predicted November would be a slow month both in activity and house price growth. The market proved to be resilient once again, even in the weeks following an hike in the base interest rate. Final November figures indicate the market is still quite full of life.

Uncertainty surrounding Brexit is taking its toll on the UK housing market and working on property price growth in particular. The London market is expected to be especially affected by the vote of last year which saw people of the UK vote to leave the EU. According to the Royal Institute of Chartered Surveyors, house prices in the capital city are forecasted to stagnate next year.

A vote last year which resulted in the UK leaving the EU has resulted in massive amounts of uncertainty within the housing market. Since that time, this uncertainty has created multiple forecasts of house price growth in and out of the capital city. Currently, house prices are predicted to fall next year in the city of London by .3%. This will be the first slide in property prices since the economic crisis of 2009.

First time buyers have been at the bottom of a mountain looking up for years. The group has faced rising housing prices, difficulty affording the deposit on property, and challenges to obtaining approval. Now, in many regions across the country the seller market has switched to a buyer market. A recently released report indicates first timers are seeing opportunities open with house sellers dropping their prices in an effort to speed up the selling process.

The economic status of many households has been suspended in an uncertain position for more than a year now and a recent survey illustrates by just how much. Brexit, a hike in interest rates, struggling wage growth, and pushy inflation have all created stress and strain on every member of the country. In a recent survey by the Bank of England, a majority of those who participated see their financial situation eroding as opposed to growing. This result was the first of its kind in the last three years.