In another report on the state of the housing market, it has been forecasted that the market will perform at 4.1% higher than last year. It is very good news considering that the shadow of Brexit uncertainty impacted the actions of home buyers all year. While caution was the course suggested by most experts for home buyers, they showed up despite the warning and took advantage of lower asking prices and low interest mortgage deals.

According to the data released by reallymoving the house prices for the UK and Wales will dip in November by 0.3%, followed by another dip of 1.1% in December. January 2020 will find the market steady at 0.0%. Overall the expectation of 2019 to experience growth of 4% is a positive report.

Home movers are certainly interested in the market and taking advantage of opportunities in the market. First time home buyers are expected to be the most active demographic in the market for the year. Many reports have revealed that with lower asking prices and lower interest prices available to first time buyers they are skipping over buying the usual first time flat purchase for 3 bedroom homes.

The average house price at the end of the year is predicted to be at £299,705.

Rob Houghton, Chief Executive of reallymoving, remarked, “Most regions of the UK are set to see prices dip over the final quarter of the year which is partly down to seasonality.

“It’s fair to say 2019 was never going to be a stellar year for the housing market but despite consumer confidence taking a battering, house prices in England and Wales are on course to end the year 4% higher than at the end of 2018, which supports our belief that the underlying value of property remains fundamentally stable.

“The political situation now is as uncertain as ever with a General Election just a few weeks away, but the figures indicate that the market will continue bumping along in much the same manner as we head into the new decade.”