Brexit Uncertainty Casts Gloom on UK Housing Market - Will There Be Recovery in 2019?
A new report from mortgage lender Nationwide has revealed that British house prices rose by just 0.5% during 2018, with prices falling by 0.7% during December. Uncertainty over the economic impact of Britain’s exit from the European Union seems to be the leading factor suppressing the market.
The housing market has been a major driver of the UK economy in recent decades with any slump treated very seriously due to the possibility of contagion into the broader economy.
In response to the report William Hill has announced a new special bet, “What Will Happen To UK House Prices in 2019”. A rise in house prices is currently being offered at 4/6, while the odds of a fall are given at 11/10.