Brexit has not dented British homeowners’ and buyers’ confidence in the housing market despite fears that the decision to leave the EU would cause prices to collapse. More than 80 per cent of.
The result is a flat market with next to no house price inflation.. figures for mortgage lending, which showed approvals at a 28-month high.. One explanation for the strong data is that buyers are worried about a no-deal Brexit and are. Firms pay more than they would have to in a properly competitive.
While the risk of a no-deal Brexit looms, prospective house-buyers may be tempted to wait for the uncertainty to subside. This could lead to some sellers lowering asking prices in an effort to attract buyers, which means actual year-over-year declines in house prices shouldn’t be ruled out for the coming months.
April saw UK house prices fall for the second consecutive month, according to data provided by Nationwide. This is the first time in almost five years that prices have fallen in two consecutive months, possibly indicating a time of economic uncertainty with weak salary growth and rising inflation.
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Indeed, it is stated that the emphasis should be on controlling spending rather than on increasing taxes – welcome recognition that raising taxes from already high levels would be counterproductive in.
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News > Business > Business News Brexit latest: New mortgage lending figures point to post-referendum house price hit. There were 60,912 approvals for house purchase in July, down sharply from the.
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– High house prices rather than Brexit behind buyer wariness – BSA Mortgage Solutions. The study found that of those who disagreed with the statement that now was a good time to purchase a home, 34 per cent said that a correction in house prices.Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year