Day: January 31, 2019

    House price growth ground to a halt in during January, with property values showing close to zero growth for the year as Brexit uncertainty hit confidence. House prices edged up by just 0.1 per cent year on year in January, the smallest annual increase for the index for almost six years, and a sharp decline from 1.9 per cent growth in November, Nationwide said. As recently as January 2017, annual house price growth was running at 4.3 per cent. A no-deal Brexit would see house prices slump a further 5 per cent in 2019, according to predictions from Howard Archer, chief economic adviser to the EY ITEM Club. Conversely, if a deal is agreed by March, prices could rise by 2 per cent, Mr Archer said. Bank of England governor Mark Carney told MPs in September that a d...