What's in store for the housing market in 2019?


Published : 6th December 2018

News

Despite widespread economic uncertainty, Brits are staying positive when it comes to property - with 55% expecting house prices to rise in the next 12 to 18 months.

According to Zoopla’s State of the Property Nation report, consumer confidence in house prices is up from 44% in 2016, with most people expecting single digit price rises.

But estate agents are less optimistic, with just 33% predicting property price increases, down from 42% two years ago.

Demand for those wishing to move remains strong, with a 4% uptick in the number of households looking for a home to buy or rent in the last year to 31%.

The most active home hunters are in London, where 51% are looking for a home to buy or rent, up from 43% last year. Conversely, at 24%, the south west and Scotland are both home to the fewest property hunters.

Who is the most upbeat?

Consumers in East Anglia are the most confident, with 60% anticipating price hikes. They are followed by those in the Midlands (59%), and London (58%).

People living in Wales are the least positive (46%), followed by those in the North (51%), and Scotland (53%).

Regions ranked by confidence of property price increases

Ranking

Region

Percentage of consumers predicting house price rises in 2019

1

East Anglia

60%

2

Midlands

59%

3

London

58%

4

South East

57%

5

South West

55%

6

Scotland

53%

7

North

51%

8

Wales

46%

 

Regions ranked by highest proportion of home hunters (both buyers and renters)

Ranking

Region

Proportion of active consumers

Increase since 2017

1

London

51%

8%

2

Midlands

32%

4%

3

North

30%

7%

4

East Anglia

20%

2%

5

South East

27%

4%

6

Wales

25%

1%

7

South West

24%

0%

8

Scotland

24%

3%

 

Regions ranked by highest proportion of active buyers

Ranking

Region

Proportion of active buyers

Increase since 2017

1

London

25%

7%

2

Midlands

16%

0%

3

South East

15%

3%

4

North

15%

2%

5

East Anglia

14%

1%

6

Wales

13%

1%

7

South West

12%

-1%

8

Scotland

11%

3%

 

 

Read more at https://www.zoopla.co.uk/discover/property-news/zoopla-state-of-the-property-nation/#kdorJuHZJlC322ou.99