UK Home Prices To Lag Inflation On Brexit Uncertainty

Annual home price rises in Britain won’t keep pace with already-low inflation until 2021, a Reuters poll found, and will fall in the capital London this year as uncertainty around the country’s departure from the European Union continues to deter buyers. Uncertainty is likely to continue even if Britain leaves by Jan. 31 as is currently scheduled as there is another tight deadline - by the end of 2020 - for both parties to hammer out a new trade deal, though many doubt that target can be met. Prices in London, for decades a magnet for foreign investors and speculators, will fall 1.5% this year and only hold steady in 2020. Read more on the Reuters website.

https://uk.reuters.com/article/uk-britain-property-poll/uk-home-prices-to-lag-inflation-on-brexit-uncertainty-reuters-poll-idUKKBN1XU03V