It has been widely reported that the UK housing market is very likely to keep rising and have that momentum stay for roughly a couple of years. In the end of 2013 alone, studies have shown that the housing market quickly followed the trend of a thriving economy throughout that past year. Housing prices, on the average, have increased from 0.4% to 1%, and has an overall increase of 8%, according to UK economists.

The reason for the upturn in the increase of housing prices is primarily because of a brighter economic perspective within the country, and the improvements in the job market itself. These developments have contributed to rev up the confidence of potential home buyers, believing that they can afford it now, compared to how they thought they could not in the past.

Consequently, the continuous rise in the housing market was perceived to be brought about by the quick increase in the supply side whilst the demand has not moved to match it. Affordability has also played a major part in this.

It has been also reported that the generally expected continuity in the momentum of the UK housing market will include mortgage activity, price movements, and credit growth. The Bank of England officials have officially stated that they have implemented schemes and tools to control the recovering housing market until it consistently thrives towards the future.

And while the Bank of England’s decision to end its Funding For Lending scheme where banks and society builders are able to borrow money from them to lend to their borrowers, it was predicted to have no significant impact in terms of stopping this housing market momentum. However, it only goes to show that they have shown a level of great preparedness to put its reins on the market should it become unstoppably high in the coming years.

Additionally, the government’s move to implement the Help To Buy scheme also has an effect on the housing market momentum. Because the UK government wants to make sure that its citizens will be able to afford homes, opportunities to build and sell more have become more plausible. The scheme has outranked its predecessors in terms of its target market. At present, Help To Buy is aimed for all home buyers and not just first-timers. It is believed that its main effect will be seen through the increase in the number of transactions to take place, while the increase in selling price comes second.

According to reports, in the 3rd quarter of 2013 alone, mortgage lending has increased by £910 million; leading sellers and estate agents to mark their prices up. More affordability meant higher housing prices for them, apparently.

It is foreseen that the house prices across the country will keep rising this year as backed by concrete gains in low mortgage rates and increase in job opportunities for its citizens. People now have something better to look forward to and be confident about. If they’re able to secure jobs along the way and lenders continue to give them affordable mortgage terms, surely the demand for properties will be on the level with the increase in built homes.