The outlook for the UK housing market through the year 2015 is overall, positive. It is estimated, according to the latest available data, that house prices outside of London are expected to grow at 5%. While the London market should see growth in house prices of about 10%, according to estate agent Strutt & Parker. Prime central London, however, is estimated to see zero growth.

Remortgage activity saw growth in January, as many house owners took advantage of the many attractive deals available from top lenders. Original loan activity is expected to pick up with the resurgence of warm weather and a climate suitable for house hunting.

Stephanie McMahon, head of research at Strutt & Parker, explained the positives surrounding the UK housing market, saying: “The holding off of interest rate rises, now not expected before autumn 2015 at the earliest, is a big positive. This combined with continued wage growth and low inflation, should give the national market the momentum it needs. We should see a flurry of activity up until the autumn as buyers take advantage of the low interest rate environment.”

There has been only spotty resistance from any member of the Monetary Policy Committee to maintain the current interest level of 0.5%. The current interest rate is expected to remain at this level until at least the summer of this year. This is good news for anyone looking to move home or remortgage.

Overall, the UK housing market is showing fundamental signs of a successful 2015. Increased activity should become a trend as the months draw nearer to more conducive weather for the market.