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UK: Home sales solid in November, rising in 2017

Monday, 12 December 2016

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LONDON: Buoyant property sales in England and Wales in November show that the housing market has steadied after Britain’s decision to leave the European Union and asking prices for homes look set to rise by 2% next year.

Sales agreed were up by 5.2% last month compared with November 2015.

British Prime Minister Theresa May has said she will trigger the start of formal Brexit negotiations with the EU before the end of March, based on Article 50 of the bloc’s treaty.

Sales were up in all regions except London in November. The capital’s central area was expected to remain weak with prices falling by a further 5% in 2017 while outer London was expected to match this year’s roughly 3% price rise.

Source by: Internet

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