Saturday, 23 September 2017

Properties in the UK with the weakest growth in five years

Property prices in the UK have seen their slightest rally in more than five years this month, after the decline in property prices in London perailed over the whole asset.
Selling property prices rose by 1.1% yoy, according to statistics by Rightmove Plc. By comparison, in August the increase was 3.1% on an annual basis.
Market observers comment that the data is surprising, given the fact that traditionally in autumn there is an increase in buyers of real estate after the holiday season.
The data is worrying and may indicate a slowdown in both the growth of the British economy and inflation.
BREXIT hit the London property market hardest, as a result of strong outflows of potential foreign buyers. Selling property prices declined by 3.2% yoy, or at most during this decade.
A drop of more than 10% has recorded in the prices of the most expensive properties in the prestigious neighborhoods of London.



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