'Subdued' Demand From House Buyers

Uncertainty in the economy, as well as a squeeze on household budgets, is keeping potential buyers out of the housing market, a lender has said. The Nationwide Building Society said that demand from buyers was "subdued" and unlikely to pick up soon. UK house prices had risen by 1.9% in the year to November, it said, with the average value of a home now at £214,044. Analysts said Brexit uncertainty was also making buyers cautious. The Nationwide said that the annual property prices increase had accelerated compared to the 1.6% rise in October, which had been a five-year low. Read more on the BBC website.

https://www.bbc.co.uk/news/business-46397730