Further indication the UK housing market is slowing down has recently surfaced. According to figures from Royal Institution of Chartered Surveyors, many who were leaning towards a purchase or a sale of a property are now sitting on the decision and have decided to shelf the idea for now. Brexit uncertainty has now affected most areas of the housing market in the opinions of housing experts and waiting until after Brexit takes place could be the best move.

Property owners across the country have decided to put their decisions to buy or sell on hold for now. Housing specialists believe the market will pick up in all areas after the end of March has come and gone and Brexit is in the rear view mirror.

There are some sectors which have been affected more than others leading up to the months just prior to Brexit. House price growth has been quite affected.

House prices have been impacted to a great degree in the city of London, the Southeast, and East Anglia. Prices had already started to stagnate early in the year within the city limits of London. Price growth has been on a vertical trajectory for several months and many potential buyers have considered themselves out of the running for purchasing property early in the game. It also does not help that wage growth has been consistently outpaced by inflation.

Although slow times have impacted a housing market which has displayed a great deal of resilience, one sector has stayed the course – remortgage. Lenders are finishing the year strong by offering attractive deals and low interest rates on a number of packages.