Jul
17
U.K. Property Market Proves Resilient in Face of Brexit Vote
By-
House-price decline only slightly above pre-vacation average
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Underlying demand for homes should overcome uncertainties
The appeal of bricks and mortar remained relatively robust in the face of the initial shock of Britain’s vote to leave the European Union.
U.K. house prices declined 0.9 percent to 305,504 pounds ($406,000) this month, a drop only slightly greater than the average over the past six years, according to property website operator Rightmove. Buyer demand declined from last year, when it was boosted by the general election result, but was at the same level as 2014 amid supply constraints and low mortgage rates…
U.K. Property Market Proves Resilient in Face of Brexit Vote
