goldcore.com / By janskoyles / June 14, 2017
- Growing evidence of slowdown in UK property market
- Slow-down in activity in UK housing market in run up to UK election
- Average UK house prices dropped in the three months to May
- Halifax report annual house price growth fallen to a four-year low of 3.3 percent.
- “Political instability breeds procrastination on the part of homebuyers and sellers”
- Sterling drop will increase divide in housing market, first time buyers continue to struggle
- House price growth has lost momentum, volumes continue to drop
UK property market forecast to take hit on political uncertainty
The United Kingdom has been dealt a couple of ‘shocks’ in the last year – Brexit and the Conservative’s lost majority in Parliament.
The only thing that these results definitively mean for the country is uncertainty. Whilst every voter and British resident works to navigate these unclear times there is an air of nervousness about how things will pan out. This is becoming clear through the commonly used temperature gauge of any Western economy – the housing market.