Connect with us

Charts

UK’s Housing Price Mountain

 1 min read / 

UK_Halifax_Housing_Price_Index__[Close]_TMMChart.png

Trader’s Remarks

The dust is still settling after the nation’s decision to leave the EU last week, and markets are still in turmoil. It might be too early to say if the decision to leave the EU has had an instant effect on house prices. It would be fair to say, though, that the mood among housing market observers is more gloomy on price growth than it had been before the referendum. Real estate market activity and prices now look to be at serious risk of an extended, marked downturn following the UK’s vote to leave the EU. This is likely to weigh down markedly on economic activity and consumer confidence, which is not good news for the housing market.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Send this to a friend