LONDON - British house prices remained stuck in low gear in July and uncertainty about Brexit and its impact on the economy are likely to carry on dragging on the market, mortgage lender Nationwide said on Wednesday.
House prices increased by 0.3% compared with a year earlier after rising by 0.5% in June, a level of growth that has only been weaker once since early 2013. A Reuters poll of economists had pointed to a 0.1% rise in July. Nationwide chief economist Robert Gardner said uncertainty was weighing on the housing market which has slowed since the 2016 decision by voters to leave the European Union.
“In the near term, healthy labor market conditions and low borrowing costs will provide underlying support, though uncertainty is likely to continue to exert a drag on sentiment and activity,” Gardner said in a statement.
Well, from a high level.
英國脫歐市場拖累英國房價持續低迷：全國范圍內
Great, affordable housing. 👍
They are staying sluggish as people do not want to pay the high Stamp duty so they are staying put & building on. Has damn all to do with Brexit!
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Wow a picture of New Brighton!!!!!