House prices in ‘Brexit limbo’

UK house price growth fell to 0.3% annually in July, remaining below 1% for the eighth consecutive month, according to Nationwide’s latest data, leaving the average UK house price at £217,663. Jeremy Leaf, north London estate agent and a former Rics residential chairman, warned that favourable conditions are being curtailed by the continuing Brexit uncertainty: "The market is very much in limbo," he said. Howard Archer, chief economic adviser to the EY Item Club, noted that London and the south east have dragged down the national picture - with year-on-year falls of 0.7% and 1.6% respectively. Nationwide’s data also revealed that over-65s are blocking young buyers from purchasing family homes, as it found two-thirds have at least two spare bedrooms.

City AM (31/07/2019)   The Daily Telegraph (31/07/2019)