Brexit 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. The
average UK house costs £216,096, according to Nationwide, £1,567 less than the
figure a month ago. Read more o the Guardian website.
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