U.K. house price growth stays subdued as Brexit woes persist

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HOUSE price growth across the UK remained 'subdued' in March as property prices picked up only a little speed, according to Nationwide.

Housing cycles, real estate valuations and economic growth. After the vote for Brexit in June 2016, the UK economy seemed to have avoided. The same Nationwide index now indicates that UK house prices grew by only. territory, with this subdued picture anticipated to persist over the coming months”.

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U.K. house-price growth stayed subdued in April in a sign the delay to Brexit failed to reinvigorate the market, according to Nationwide Building Society. Values rose 0.9% last month from a year earlier, still well below levels seen in 2018, the firm said Wednesday. On the month, prices rose 0.4% to an average of 214,920 pounds ($280,000).

Roy Rickhuss, general secretary of U.K. labor union Community. to return to a more subdued growth rate after a recent short uplift. Less demand in China and elsewhere has resulted in steelmakers.

“We maintain a bias to be long U.S. dollar-Asia.As growth is likely to significantly outweigh inflation concerns, we expect Asian central banks bias will remain on the accommodative side.” global bonds rallied overnight with U.S. Treasury yields falling further to 2.2693%, the lowest since September 2017.