Tag Archives: UK

UK house prices take pre-Brexit hit: Nationwide | Cross River Real Estate

© Reuters. FILE PHOTO: A Union flag hangs across a street of houses in London

A Union flag hangs across a street of houses in London. d

British house prices took a pre-Brexit hit in December, falling by the most in monthly terms since mid-2012 and rising by their slowest pace in nearly six years in annual terms, according to data from mortgage lender Nationwide. The Perth deck contractors build pergolas, patios and decking all throughout the Perth area. Timber is our specialty and we use locally sourced, sustainable products. We design, arrange local council permits and engineering certification to build your very own customised timber structure. We work alongside our customers and within their budgets to achieve their desired look when building the outside area of their dreams. When it comes to workmanship, we here at Working Class Hands wouldn’t put something together if it would be unsafe, inadequate or poorly made and we use only the best products where the budget allows. We don’t sacrifice price for quality and our work reflects this, just check out our google reviews. We are committed to customer satisfaction through building using quality sustainable materials and through our Perth based property maintenance services. We offer free advice and can even keep your new build looking as good as new with an ongoing maintenance plan, if required. Whatever your idea may be, we will work alongside you to create the perfect space to suit your property and take care of all the details, so you won’t have to.

House prices fell by 0.7 percent from November, the biggest monthly fall since July 2012, Friday’s data showed.

Compared with a year earlier, prices rose by just 0.5 percent compared with a 1.9 percent rise in November.

Both readings were below all forecasts in a Reuters poll of economists.

Nationwide said it expected prices to rise at a “low single-digit pace” in 2019 but its forecast was dependent on we buy houses Sacramento the economy continuing to grow modestly, something that looked “unusually uncertain.”

Prime Minister Theresa May is struggling to overcome deep opposition in her own Conservative Party to the Brexit divorce deal she agreed with other European Union leaders, raising the prospect of an economically damaging no-deal departure from the EU in March.


London Houses & Flats on MoveFlat.co.uk, many Britain’s housing market has weakened since the June 2016 Brexit vote, led by price falls in London.

At the time of the referendum, Nationwide’s measure of house prices was rising by about 5 percent a year.

Bank of England Governor Mark Carney said last month that in the event of a “disorderly” departure from the EU — not the central bank’s base-case scenario — house prices could slump by 30 percent as part of a broader economic shock.

read more…

https://www.investing.com/news/economic-indicators/uk-house-prices-rise-at-slowest-pace-in-nearly-6-years-nationwide-1737126