U.K. house price growth stays subdued as Brexit woes persist

U.K. house-price growth stayed subdued in April in a sign the delay to Brexit failed to reinvigorate the market, according to Nationwide Building Society. Values rose 0.9% last month from a year earlier, still well below levels seen in 2018, the firm said Wednesday. On the month, prices rose 0.4% to an average of 214,920.

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Brexit. U.K. House Price Growth Stays Subdued as Brexit Woes Persist. Bloomberg – David Goodman, Lucy Meakin. Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics.

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 · Housebuilder Crest Nicholson has warned over profits as it blamed Brexit uncertainties for putting off buyers in the traditional strong autumn selling season.

“With Brexit negotiations still in deadlock, it is unsurprising that the property market continues to stagnate, with just 0.8% annual house price growth, and a monthly fall of -2.9%.

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Annual UK house price growth in March was 2.1pc, down from 2.2pc in February.. The U.K. annual house price growth was steady at 2.1 percent in March while London was the weakest performing region with house prices down 1 percent year-on-year, according to Nationwide House Price Index.. On the month, house prices fell 0.2% and although this was better than the 0.4% decline seen the month before.

 · UK inflation rate stays steady at 0.6%. The average cost of everyday household goods and services went up by 0.6% in the year to August. Rising food prices and air fares pushed prices higher, the Office for National Statistics said, partly offset by cheaper prices for hotel rooms.

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"Mortgage rates were lower last week – with the 30-year fixed rate declining to 4.42% – as concerns over global growth, particularly in Germany, outweighed more positive domestic news on first quarter GDP growth and business investment," Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a press.

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The U.K. government said it’s "hopeful" an agreement can be reached on a consensus approach to Brexit with the opposition, as the Labour Party predicted Prime Minister Theresa May will have to agree to a customs union.. U.K. House Price Growth Stays Subdued as Brexit Woes Persist (1.

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