LONDON | UK house prices drop amid Brexit uncertainty

4Jan - by Editor - 0 - In STL.News

LONDON —Jan 04, 2019— One of Britain’s leading mortgage providers says house prices in the country fell in December by their biggest amount in six and a half years, in a further sign that uncertainty surrounding Brexit is weighing on economic activity.

The Nationwide Building Society said Friday that house prices fell by a monthly rate of 0.7 percent in December, the biggest monthly decline since July 2012.

On an annual basis, prices were up only 0.5 percent, the lowest since February 2013.

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