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UK house prices rise despite uncertainty over Brexit and election

UK house prices rebounded in November despite continued uncertainty around the outcome of Brexit and the upcoming general election, according to Britain’s biggest mortgage lender. The average price of a home rose 1% to £234,625 last month, Halifax said, marking the largest monthly rise since February. It signals a slight recovery after two months of declines and […]

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Brexit bargains: London’s luxury homes take big price cuts

Wealthy buyers are benefiting from political uncertainty — especially if they are paying in dollars Five-bedroom house in Belgravia has cut its original asking price by £1m to £8.95m Aleksandra Wisniewska  For the Financial Times  OCTOBER 24 2019 Brexit uncertainty hangs over London’s luxury property market like a fog. Since the referendum in June 2016, […]

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How Would A No-Deal Brexit Affect U.K. House Prices?

When Brexit finally does arrive–whether you support remain or leave–there’s no denying that it’s going to impact U.K. house prices. However, based on a complicated set of competing variables, understanding what this impact will be is a difficult game. KPMG is the latest to reach towards the property crystal ball, with a report out yesterday […]

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Property market to remain dogged by Brexit: Bank of England warns house prices will now fall by 1.25% this year

The Bank of England now expects property prices to fall by 1.25 per cent this year, after predicting a 0.25 per cent annual increase in February. In its latest inflation report, the Bank said property price growth had been weak since the 2016 EU referendum, adding that ‘Brexit-related uncertainties’, as well as other factors, had […]

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Brexit jitters dampen house price growth but first-time buyer numbers tick up

Britain’s housing market suffered a fifth month of “subdued” growth in the face of continued Brexit uncertainty, but first-time buyers showed signs of life, Nationwide reported. House prices were just 0.9pc higher in April than the same month last year, although this was an improvement on the 0.7pc annual growth seen in March. April marked the fifth month in a row that growth […]

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London Homeowners Test the Waters in Brexit-Hit Housing Market

Asking prices for London homes rose this month as owners tested a fragile market before the spring selling season. Values gained 3.4 percent from January to 614,182 pounds ($788,000), property-website Rightmove said in a report published Monday. The seasonal boost still left asking prices in the capital 2.1 percent lower than a year earlier. “It […]

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Property speculators head north as London market slumps

UK property speculators who buy and sell homes in quick succession have shifted their focus north as the housing market in London and the south-east begins to slump. Some 11 of the top 15 destinations for “flipping” homes — buying and selling within 12 months — were in the north of England last year. None […]