UK house prices take pre-Brexit hit

|By:, SA News Editor

British house prices fell by 0.7% M/M, a pre-Brexit hit in December, falling by the most in monthly terms since mid-2012 and rising by their slowest pace in nearly six years in annual terms, according to data from mortgage lender Nationwide.

Prices are expected to rise at a "low single-digit pace" in 2019 but its forecast depends on the economy continuing to grow modestly, something that looked unusually uncertain.

Britain's housing market has weakened since the June 2016 Brexit vote, led by price falls in London.

Source: Investing.com

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