House prices fell by a marginal 0.1% in February, according to Nationwide, leaving them 0.4% above where they were this time last year. Our forecasts expect an average 1.5% growth in UK house prices in 2019, with the bulk of that growth likely coming in the second half of the year, assuming a Brexit deal is agreed. The lack of clarity around Brexit has subdued the housing market in recent months. At the time of writing, “Brexit day” is still scheduled to be 29th March, but Oxford Economics are predicting the most likely eventual outcome to be a deal with an extension of Article 50. 

Savills: UK Housing Market Update (March, 2019)

Published By: Savills PLC
March 2019

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