london house prices in first annual fall since 2009
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

London house prices in first annual fall since 2009

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today London house prices in first annual fall since 2009

House prices in London dropped last year for the first time since 2009.
London - Al Maghrib Today

The average price of a home in London dropped in 2017 for the first time in eight years on fallout from Brexit, data showed on Thursday.

While prices were up nationwide, they were down in London for the first time since 2009, mortgage lender Nationwide calculated.

UK house prices rose by 2.6 percent overall last year -- slower than the 4.5 percent seen the previous year -- said Nationwide, whose monthly survey is closely watched by markets.

However, "London saw a particularly marked slowdown, with prices falling in annual terms for the first time in eight years, albeit by a modest 0.5 percent" during the fourth quarter, said Nationwide chief economist Robert Gardner.

In addition, London was the UK's worst-performing region for the first time since 2004.

"How the housing market performs in 2018 will be determined in large part by developments in the wider economy," noted Gardner.

"Brexit developments will remain important, though these remain hard to foresee," he added.

Since Britain voted to leave the European Union in June 2016, a drop in sterling -- making imported goods more expensive -- has pushed inflation up to more than 3.0 percent.

In 2017, "low mortgage rates and healthy employment growth continued to support demand" for housing, according to Gardner.

"However, this was offset by mounting pressure on household incomes, which exerted an increasing drag on consumer confidence as the year progressed."

While UK unemployment is at the lowest level since 1975, wages are not keeping pace with inflation.

Britain remains on course to exit the EU in March 2019.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

london house prices in first annual fall since 2009 london house prices in first annual fall since 2009

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

london house prices in first annual fall since 2009 london house prices in first annual fall since 2009

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 16:05 2015 Thursday ,26 February

Egypt, South Sudan to launch campaign to fund Waw Dam

GMT 15:01 2017 Monday ,13 November

Switzerland edge out Northern Ireland

GMT 23:12 2015 Monday ,07 September

Moussa participates in annual forum at Salzburg

GMT 04:45 2012 Friday ,12 October

Hezbollah role in Syria grows more evident

GMT 01:42 2014 Sunday ,16 February

Posting links to freely available to legal Web

GMT 08:56 2016 Wednesday ,05 October

Rough times for Saudi retail

GMT 06:59 2017 Wednesday ,01 February

Bayern Munich's Ribery out of action

GMT 19:36 2011 Monday ,25 April

KSE index ends day in green

GMT 00:40 2012 Sunday ,08 July

An Alaska women’s shelter can reopen

GMT 17:43 2012 Thursday ,29 November

Scolari returns as Brazil coach

GMT 08:48 2017 Wednesday ,14 June

Qatar keep FIFA World Cup hopes alive

GMT 11:45 2012 Tuesday ,11 December

Hawa al-Tagtaga remembered

GMT 12:06 2011 Saturday ,11 June

William in first Trooping parade

GMT 15:49 2012 Wednesday ,15 August

Lindsay Lohan in skimpy bikini

GMT 15:15 2016 Wednesday ,24 August

Deal puts Microsoft apps on Lenovo phones

GMT 14:52 2011 Friday ,08 July

Energy cuts will avoid wastage

GMT 12:25 2014 Wednesday ,03 December

The New York hotel that will host the royal couple

GMT 12:24 2012 Sunday ,01 July

Salvatore Ferragamo: Eyewear collection
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday