Residential real estate in the UK went up in August by 3.2% in annual terms

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In August 2018, residential real estate in the UK went up by 3.2% compared to August last year, which was the smallest growth since 2013, ONS reported. Housing prices in London, where they have stagnated for 6 months, declined by 0.2% in August. On average, a house in the UK in August cost 232 thousand 800 pounds sterling. The weakening of the pound sterling, as well as the uncertainty associated with the country's exit from the EU, slowed down the growth in housing prices, which had previously largely outpaced the growth of British salaries, which did not allow many of them to buy their own housing. Economists expect a further slowdown in the growth of the value of residential real estate in the country.

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