Monday, 2 September 2019

Brexit Jitters Grind UK Housing Market To A Halt In August


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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