UK house prices make weakest start to year since 2012
Asking prices for British property are rising at the slowest pace since 2012 amid ongoing Brexit worries, property website Rightmove said on Monday.
Rightmove’s data suggested a continuation of the weakness in British house prices that intensified in 2018, especially in and around London where fears of economic damage from Brexit made buyers loath to pay more for already-expensive homes.
“Given the current market backdrop and ongoing political turmoil, it’s not surprising that the more challenging conditions in London and nearby regions mean they have had a slower start to the year,” Rightmove director Miles Shipside said.
Last week the Royal Institution of Chartered Surveyors said its members had the most negative outlook for house sales over the coming three months since its records began in 1999.