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Are you a homeowner or property investor in the UK? If so, you may be aware of the recent collapse of house sales hike nationwide. Some areas in the UK are seeing the highest levels of collapsed house sales. As house prices continue to cool and the market shifts in benefit of buyers from sellers,…
Effect of Brexit Referendum on the Investment in Housing Market UK The Brexit Referendum was announced on February 22, 2016. Not only the actual referendum results but also the announcement caused severe impacts on the economy of the UK. The Brexit Referendum results were unforeseen and pushed the UK economy towards uncertainty. The housing market…
House prices dropped by 0.1 per cent in February, according to Halifax. The prices increased by 5.2 per cent on an annual basis with the average house price coming to £251,697. However, on a quarterly basis, this equates to a 0.5 per cent change. Russell Galley, managing director at the Halifax, said: “The government’s decision…
House prices in January fell by 0.3% to £229,748 compared to December, according to the latest Halifax HPI. This is the biggest drop since April 2020, said Halifax House Price Index. The average UK house price was £251,968 in January. The annual growth rate also eased for the first time since June, to 6.4% from…
Owning a home is a keystone of wealth… both financial affluence and emotional security.