Our friends at Livesquawk with an article in today's Telegraph newspaper
In its first post-Brexit forecast, estate agency Countrywide said that house prices will fall 1% across the country in 2017, before rising by 2% in 2018. It added that house prices would rise by just 2.5% this year as the market cools in the second half of 2016.
However, Countrywide said that the cooling market was not just down to uncertainty about Brexit. It also highlighted the impact of stamp duty increases on the top end of the market.
It added that the chronic lack of supply of homes would continue to keep prices from falling further.
Separate data from the Mortgage Advice Bureau showed that fewer homebuyers applied for mortgages in July than in June, as nervous buyers held off making major investments in the wake of the Brexit referendum.
The number of purchase applications fell 5.9pc compared with June, representing a sharp turnaround for a market which had been growing strongly.
Full article here
With house prices key in the consumer-spend stats analysts, traders and house-holders them selves will be keenly watching the Brexit impact.
Meanwhile GBPUSD a tad higher on the morning so far at 1.3053 EURGBP 0.8643 still near session/Asian lows.
