Double-whammy of Brexit, election hits UK housing market: survey

The number of properties put up for sale in Britain has fallen by the most in any month in more than 10 years as the combination of Brexit and an election weighs on the market, a survey showed on Monday.[LONDON] The number of properties put up for sale in Britain has fallen by the most in any month in more than 10 years as the combination of Brexit and an election weighs on the market, a survey showed on Monday.

There were 14.9 per cent fewer properties put on sale in the four weeks to Nov 9 than in the same period last year, property website Rightmove said."I've seen lots of unusual events affecting the property market in my 40-year career, but a Brexit deadline followed by a snap general election six weeks later is obviously a new combination," Miles Shipside, Rightmove director, said.

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