UK house prices creep up

UK house prices edged up this month as Brexit uncertainty continues to impede the housing market, according to data from Nationwide. March saw prices increase by 0.7% - up from 0.4% the month before. Nevertheless, house prices still look soft on an underlying basis as they were up just 0.1% in the three months to April 2019 compared to the three months to January. London was the weakest performing region in the United Kingdom in the first quarter of 2019 with prices falling by an annual 3.8%, due to unaffordable prices for many buyers and tax changes affecting the buy-to-let market.

Reuters (06/05/2019)