Although the UK experienced many newsworthy events during the year 2016, the housing market has bounced back much quicker than many expected. That has led forecasts of UK housing prices to become more bullish for the coming twelve months and beyond. The market survived the Brexit vote, then a surcharge on second homes and buy to let property. Now, the question on everyone’s mind is simple. Where will housing prices go from here?

First time buyers are especially curious about the future of housing prices, especially in and around London. The capital city remains out of reach for the budgets of many, and that will seemingly remain the same, according to many experts close to the housing market.

Just as the direction of housing prices occupies the headlines everywhere, another sector continues to flourish – remortgage. House owners can still find deals from well-known lenders which can save hundreds and sometimes thousands of pounds per month off the cost of the monthly mortgage payment.

The process is now streamlined and can be done completely online.

The future of house prices remains a priority to house owners as well. It can determine the direction many house owners will take in the short term as well as the long term regarding staying or moving home.

Property buying agent Henry Pryor commented on current market conditions, saying: "First-time buyers still underpin the wider market. So long as the government continues to support them either directly via Help to Buy or by further tax changes then the market should not plunge but this is not completely in the gift of politicians who frankly have more pressing matters to attend to.”

Pryor added: "Like last year if you already own a home then you are probably better off than someone who doesn't. If you don't, then it seems unlikely that 2017 will see a swift solution emerge."