House prices struggle through March

New data from Halifax has shown that house prices across the UK continued to struggle last month, falling by 1.6% as the market continued to be “subdued” amid Brexit uncertainty. The lender said both buyers and sellers were being cautious, meaning that prices are unlikely to fall sharply in the coming months. The number of mortgages approved remains 40% below where it was prior to the financial crisis and first-time-buyers are finding it difficult to raise a deposit. “These conflicting challenges, when combined with the ongoing uncertainty around Brexit, have had an impact across the country but most notably in London, meaning that we continue to expect subdued price growth for the time being”, said Russell Galley, managing director of the Halifax.

BBC News (05/04/2019) The Daily Telegraph (05/04/2019)