With the resounding Conservative's 'Brexit' Election campaign success, residential prices along with the economy are predicted to grow far quicker than originally forecasted following the result.

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The property website's December House Prices Index shows that in 2019 the number of sales agreed has fallen by 3% from the previous year. However it also notes that the number of properties coming onto the market has dropped further behind as it was 8% lower than last year; estate agents are reporting their housing stock levels are at their lowest for two years.

The northern areas are predicted to lead the charge with an expected increase of between 2% and 4%.

As the south is generally far more expensive, it is expected to experience a comfortable 1% growth.

Miles Shipside, director and housing market analyst, said: “Home-mover confidence and activity have been dogged by political uncertainty since the 2016 referendum.

“With a clear majority in the election, there is now an opportunity to release some of the pent-up demand in the spring, and for some modest upwards price movement.

“Given the Brexit track record to date, further political twists and turns should not be ruled out, though with a large majority there is a higher possibility of an end to the series of Brexit deadlines, and the prospect of an orderly resolution.”