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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks set to trend higher as trade war, Brexit worries fade amid renewed hopesWALL STREET INSIGHT: Stocks set to trend higher as trade war, Brexit worries fade amid renewed hopes
Source: BusinessTimes - 🏆 15. / 51 Read more »

Boris Johnson offers tax cuts to business as olive branch after BrexitLONDON (BLOOMBERG) - Boris Johnson will try to win business leaders to his side Monday (Nov 18), offering them tax cuts as an olive branch for the disruption caused by Brexit.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »