Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
You Should Be Buying Gold Stocks Now - 6th Dec 19
The End of Apple Has Begun - 6th Dec 19
How Much Crude Oil Do You Unknowingly Eat? - 6th Dec 19
Labour vs Tory Manifesto Voter Bribes Impact on UK General Election Forecast - 6th Dec 19
Gold Price Forecast – Has the Recovery Finished? - 6th Dec 19
Precious Metals Ratio Charts - 6th Dec 19
Climate Emergency vs Labour Tree Felling Councils Reality - Sheffield General Election 2019 - 6th Dec 19
What Fake UK Unemployment Statistics Predict for General Election Result 2019 - 6th Dec 19
What UK CPI, RPI and REAL INFLATION Predict for General Election Result 2019 - 5th Dec 19
Supply Crunch Coming as Silver Miners Scale Back - 5th Dec 19
Gold Will Not Surpass Its 1980 Peak - 5th Dec 19
UK House Prices Most Accurate Predictor of UK General Elections - 2019 - 5th Dec 19
7 Year Cycles Can Be Powerful And Gold Just Started One - 5th Dec 19
Lib Dems Winning Election Leaflets War Against Labour - Sheffield Hallam 2019 - 5th Dec 19
Do you like to venture out? Test yourself and see what we propose for you - 5th Dec 19
Great Ways To Make Money Over Time - 5th Dec 19
Calculating Your Personal Cost If Stock, Bond and House Prices Return To Average - 4th Dec 19
Will Labour Government Plant More Tree's than Council's Like Sheffield Fell? - 4th Dec 19
What the UK Economy GDP Growth Rate Predicts for General Election 2019 - 4th Dec 19
Gold, Silver and Stock Market Big Picture: Seat Belts Tightened - 4th Dec 19
Online Presence: What You Need to Know About What Others Know About You - 4th Dec 19
New Company Tip: How To Turn Prospects into Customers with CRM Tech - 4th Dec 19
About To Relive The 2007 US Housing Market Real Estate Crash Again? - 3rd Dec 19
How Far Will Gold Reach Before the Upcoming Reversal? - 3rd Dec 19
Is The Current Stock Market Rally A True Valuation Rally or Euphoria? - 3rd Dec 19
Why Shale Oil Not Viable at $45WTI Anymore, OPEC Can Dictate Price Again - 3rd Dec 19
Lib Dem Election Dodgy Leaflets - Sheffield Hallam Battle General Election 2019 - 3rd Dec 19
Land Rover Discovery Sport Brake Pads Uneven Wear Dash Warning Message at 2mm Mark - 3rd Dec 19
The Rise and Evolution of Bitcoin - 3rd Dec 19
Virtual games and sport, which has one related to the other - 3rd Dec 19
The Narrative About Gold is Changing Again - 2nd Dec 19
Stock Market Liquidity & Volume Diminish – What Next? - 2nd Dec 19
A Complete Guide To Finding The Best CFD Broker - 2nd Dec 19
See You On The Dark Side Of The Moon - 2nd Dec 19
Will Lib Dems Win Sheffield Hallam From Labour? General Election 2019 - 2nd Dec 19
Stock Market Where Are We?  - 1st Dec 19
Will Labour's Insane Manifesto Spending Plans Bankrupt Britain? - 1st Dec 19
Labour vs Tory Manifesto Debt Fuelled Voter Bribes Impact on UK General Election - 30th Nov 19
Growing Inequality Unrest Threatens Mining Industry - 30th Nov 19
Conspiracy Theories Are Killing This Nation - 30th Nov 19
How to Clip a Budgies / Parakeets Wings, Cut / Trim Bird's Flight Feathers - 30th Nov 19
Hidden Failure of SIFI Banks - 29th Nov 19
Use the “Ferrari Pattern” to Predictably Make 431% with IPOs - 29th Nov 19
Tax-Loss Selling Drives Down Gold and Silver Junior Stock Prices - 29th Nov 19
We Are on the Brink of the Second Great Depression - 29th Nov 19
How to Spot REAL Amazon Black Friday Bargains and Avoid FAKE Sales - 29th Nov 19

Market Oracle FREE Newsletter

UK House prices predicting general election result

How Brexit Will Affect House Prices in 2019

Housing-Market / UK Housing Aug 28, 2019 - 02:04 PM GMT

By: Submissions

Housing-Market Three years ago, the UK public voted to exit the European Union. Since this was an outcome that only a few people expected, it had a dramatic outcome with David Cameron, the prime minister, resigning with immediate effect. The vote caused a stir in the financial markets.

A few weeks after the results, the pound sterling was still weak, and the economy, in general, was on the verge of going from bad to worse. Many business leaders who were benefiting from the stable UK economy started to fear that they would soon encounter a critical financial crush. These were the very first indicators of the negative impact that Brexit had on the economy.

Now it’s been two years since Brexit, and the financial crisis that most sceptics used to talk about is yet to happen. Though there has been a long waited expectation of economic breakdown, the UK still seems to be a good place that investors can confidently park their money and yield impressive returns.

This should act as an eye-opener to aspiring business persons who are scared to invest in the UK market. In fact, despite Brexit, the UK economy has managed to rise in terms of DGP, which grew by 1.8% in 2017. This is considerably higher than what as expected in late 2016.

In addition, it has been reported that the property market in the UK has continued to bloom. The secret to this is that the weak pound is making the UK a better place to invest, thereby attracting many foreign investors who know how to maneuver through the small odds. The foreign investors coming with some currencies get 20-30% on the pre-Brexit exchange rates, thereby giving them 20-30% more buying power. It is a matter of playing smart and knowing where to put your money as a foreign investor.

Though it was forecasted a few months to Brexit that UK’s property market is going to collapse, we have seen that at least €84 billion has been invested in the same market. This is a clear indication that the property market is here to stay and that it is still going strong. Also, in 2018, it was indicated that the price of houses in the UK had increased by at least 3.9% in the previous years and by up to 6.6% since the UK public decided to vote Brexit.

Supply and demand is the one primary reason for the continued growth and stability of the property market and hence the level of inward investment. However, it is worth mentioning that while the prices of housing in the UK is going up, it only impresses the investors but not individuals looking to acquire new homes.

For many years, the UK has reported a significant shortage of houses, and due to Brexit, more investors were scared. At the moment, the problem has even become more prevalent in various locations within the country. Therefore, despite the existence of Brexit, the prices of houses are expected to go up.

In the current time, there is high life expectancy with many elder people choosing to stay in their homes instead of seeking care homes. At the same time, there is a young generation that is looking to leave their families and get new homes, either as first-time buyers or renters. These are the main sources of pressure on the property market in the UK, which, in turn, brings about the rise in the prices of homes and other landed properties.

Final Thought

Whether it is safe to buy a house in the UK in 2019 depends on your short-term or long-term plans. For instance, since the property market is doing well, you can choose to invest and sell your house at a higher price in the future. If you are looking to get a new home, then this might not be the right time since Brexit might make the prices to go higher with few investors coming in.

Since there is a housing shortage, the prices are expected to rise until more investors start to come in. Your safety of buying a new home or land in 2019 depends on what you intend to do with it. Before investing, you can use the  to determine the prices of properties at that particular time.

By Uday Tank

© 2019 Copyright Uday Tank - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules