Asking prices set to be flat at a national level in the UK in 2019

Average asking prices in the UK are unlikely to rise in 2019 as economic and political uncertainty is set to rise and continue to affect the housing market, it is forecast.

Overall the housing market is sound and the slowdown will not affect the national as a whole, according to the outlook from property portal Rightmove which forecasts zero growth.

Parts of the more buoyant Northern half of the UK could see asking prices rise by 2% to 4%, but the national average will be brought down by new sellers adjusting their prices downwards in parts of the South.

In particular, Rightmove is forecasting that the London commuter belt regions could see asking prices fall by around 2% and in Greater London the market is predicted to slow from its current annual rate of decrease from -2.4% to an average fall of -1%

 

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