The average residential property asking price in Britain increased by just 0.4% this month as Brexit uncertainty ate into the start of the traditionally busier spring housing market, according to the latest index report.
Buyers and sellers are "sitting tight" as Brexit uncertainty continues to freeze the UK property market, surveyors have said.
House prices in the UK increased by 2.8% in the 12 months to February 2019, taking the average price to £236,800, the latest lender index shows.
The UK's largest estate agent group, Countrywide, has reported widening losses and says the uncertainty surrounding Brexit is hitting business.
The Mayor of London, London Councils and the G15 group of London’s largest housing associations have sent an open letter to the Secretary of State for Housing warning of the potentially catastrophic effects that a no-deal Brexit could have on affordable housing delivery.
Estate agents in the UK saw demand from house hunters fall in January as buyers continue to adopt a wait and see attitude due to protracted Brexit negotiations, the latest sector report suggests.
With a lot of talk about whether or not Brexit is affecting the property market in Britain, a new study has looked at where it might, or might not, be having an effect.
Biggest monthly drop since April comes while annual growth slows to 0.8% – Halifax
The prime property market in London is in a stronger position than it appears to be on the surface and is in a position to recover once Brexit is sorted, according to a new analysis.
Average price up by 0.1% – the smallest annual gain since February 2013, says Nationwide
Borrowing on credit cards is expected to plunge to the lowest levels since 2007 in the three months before Brexit, according to the Bank of England, in another indication of stresses facing the UK economy.
Outlook for sales the weakest in two decades, say Britain’s surveyors
The West Midlands had the strongest annual house price growth across the UK in the 12 months to November 2018.
Home building is boosting growth of the construction sector in the UK but home building organisations are warning that Brexit is and could continue to affect the sector.
Rent rises 3% lower than forecast partly due to fewer EU migrants and price-out Londoners moving out, says rental index
Right to Rent is creating a hostile atmosphere in the UK’s private rented sector with more landlords refusing to consider renting to non-British nationals, including citizens from the European Union.
The British property market is likely to see a slow start to the new year, with continued concerns about Brexit expected to affect buyer and seller decisions until after the UK leaves the European Union in March.
Leaving the European Union without a deal would be more catastrophic for the construction industry than the financial crisis of 2008 when it lost 250,000 skilled workers, it is claimed.
Hedge funds make million-pound bets against high street as Brexit uncertainty threatens UK economy
The boss of one of London’s biggest housebuilders on Friday pleaded with politicians to avoid a hard Brexit disrupting the vital flow of materials into the UK.
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