Boom or bust: what’s the truth about UK house prices?

Reports of low prices and slow sales suggest the property market has been hit by uncertainty following the Brexit vote. But how bad might it get?

Britain’s housing market has hit the buffers as political uncertainty, stamp duty changes and squeezed household incomes all dampen buyer demand.

Over the past week, Britain’s biggest mortgage lender, Halifax, said that annual house price growth had slowed to the weakest rate in four years and the official surveyors’ body said that activity was back to 2011 levels in some parts of the UK.

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