Property News · August 31, 2019

Brexit jitters grind UK housing market to a halt in August


Average house price dips to £216,096, says Nationwide, as buyer activity stallsBrexit uncertainty is still weighing heavily on the UK housing market, which ground to a halt in August, and it could take a heavier toll in the coming months, analysts say.Nationwide building society reported that house prices were flat in August as political and economic turbulence continued to take their toll. Average prices were in effect unchanged month on month once seasonal factors were taken into account, though the annual rate of property price growth nudged up to 0.6%, compared with 0.3% in July. Annual house price inflation has remained below 1% for nine consecutive months. Continue reading…

Source : theguardian.com
Read more…Brexit jitters grind UK housing market to a halt in August

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