UK house prices performed solidly in Q1 2019 despite ongoing Brexit uncertainty, according to Halifax. Prices increased 2.6% between January and March compared to Q1 2018, beating the 2.3% rise anticipated by economists polled by Reuters. House values were down 1.6% in March from February after the more turbulent monthly measure grew by a record 6%, though this was still better than the 2.4% predicted. Supply constraints have sustained prices even as Brexit’s possible impact on property has caused concern among buyers. The latest figures show that average price growth for all types of properties fell slightly year-on-year at an annual rate of 2.2%, with London showing the biggest fall (-3.1%).
UK house prices performed solidly in Q1 2019 despite ongoing Brexit uncertainty, according to Halifax. Prices increased 2.6% between January and March compared to Q1 2018, beating the 2.3% rise anticipated by economists polled by Reuters. House values were down 1.6% in March from February after the more turbulent monthly measure grew by a record 6%, though this was still better than the 2.4% predicted. Supply constraints have sustained prices even as Brexit’s possible impact on property has caused concern among buyers. Halifax said current low levels of activity around mortgages may eventually result in "bigger price movements".