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Rightmove has predicted flat house price growth of 0% in 2019.

It said the prediction is based on the sound fundamentals of the housing market in combination with increased political and economic uncertainty.

Not that prices will be flat across the board, as Rightmove said the Northern half of the UK will see prices rise by 2-4%, while London commuter belt regions should see prices fall by around 2%.

Miles Shipside, Rightmove director and housing market analyst, said: “Since the property market’s recovery from the 2008 financial crisis, many parts of the Northern half of the UK have seen marginal or relatively modest price increases.

“We predict that these areas will continue to see price rises, though tempered by affordability constraints. In contrast, regions in and around the influence of London saw prices go up in a five-year period by an average of around 40%.

“Consequently, we forecast that these previously booming areas will continue to see modest downward price re-adjustments in 2019.”

Source: Mortgage Introducer

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