Property Values: Temp Code and Government Data

property values: Prices in London continued to fall by 1.6 per cent, in the year to October 2019, according to the Office for National Statistics ONS this week, according to The Independent. But other areas have also been hit by a crisis of confidence, including the northeast, where prices fell by 1 per cent over the last year, before inflation is added to the picture. With the average home now worth 233,000, the latest government data shows the latest slump follows three years of general slowdown since the Brexit referendum, driven mainly by a fall in property values in the south and east of England. THIS IS TEMP CODE TO RESOLVE TEADS ISSUES ON SAFARAI - ISSUE-387 - START THIS WAS ORIGINALLY IN THE FOOTER EJS FILE THIS IS TEMP CODE TO RESOLVE TEADS ISSUES ON SAFARAI - ISSUE-387 - END Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now The data lags behind real life by two months though, and last week's election result has been heralded as the start of a more positive phase at least for the next few months. Though less comforting for homeowners looking to see a return on their investment, buyers will benefit from this long-awaited improvement in housing affordability. A slump in demand due to a wait-and-see approach in response to Brexit has stifled housing market activity throughout the year, with this having a direct impact on house prices, says Shaun Church, a director at mortgage broker Private Finance. (news.financializer.com). As reported in the news.