Publicado: Mier, Abril 17, 2019
Financiera | Por Marilu Caballero

Despite Brexit, property prices rise in UK

Despite Brexit, property prices rise in UK

The 1.1 percent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 percent, property website Rightmove said.

Rightmove said family homes with three and four bedroom properties, but excluding four bedroom detached homes, are now holding their value particularly well.

It suggests that the need for more space or proximity to schools outweighed the ongoing Brexit uncertainty for many house hunters.

Rightmove concluded that the Brexit extension could provide a boost to spring market activity as short-term uncertainty recedes.

British property asking prices have seen the biggest monthly rise for over a year, said Rightmove, a British top online real estate website, on Monday.

Rightmove also quoted the views of estate agents. But despite these headline falls, market activity remains resilient with would-be buyers and sellers still having housing needs to satisfy, especially in the family home sector. After all, for those who need more room to accommodate growing offspring, or indeed have to relocate due to schooling, the decision to move is rarely a discretionary one. "While some movers are awaiting the outcome of deal or no deal, many families are keeping on dealing in the housing market".

Monthly change asking prices april 2019
Despite Brexit, property prices rise in UK

"The best way to describe the sentiment in the market at the moment is "bored of Brexit" - fed up with sitting on their hands, sellers are now looking to get on with their lives and move house and buyers are looking to secure somewhere new".

Nick Leeming, chairman of Jackson-Stops, said: "Buyers, particularly those in the family homes market, have become frustrated at the lack of new homes coming to market".

When you look beyond the numbers it is apparent that they include the 50 per cent of homes that don't sell as well as those that do.

Rightmove director Miles Shipside said last week's delay of Britain's exit from the European Union could spur hesitant home movers into action. The main driving factor behind this sector's performance at present is the fact that many are buying to put a suitable roof over their family's head, and so Brexit doesn't really come into it.

"The rise in new seller asking prices reflects growing activity as the market builds momentum, egged on by the arrival of Easter".

Ireland set to be warmer than Barcelona, Lanzarote, and Athens this weekend
Even though we'll begin Passover and Good Friday with 50-degree lows, highs will only rise to the mid-60s. Rain might linger through the morning, but much of the day should be dry.

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