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| UK house price growth shows signs of slowing in month after Brexit | UK house price growth shows signs of slowing in month after Brexit |
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| UK house price growth showed signs of slowing in the month after the vote to leave the EU, according to Halifax. | UK house price growth showed signs of slowing in the month after the vote to leave the EU, according to Halifax. |
| House prices fell by 1 per cent in July compared to the previous month but were still 8.4 per cent higher than a year ago, the index showed. | House prices fell by 1 per cent in July compared to the previous month but were still 8.4 per cent higher than a year ago, the index showed. |
| Despite early signs of a slowdown, Halifax said it was too early to determine whether Brexit had already had an impact on the housing market. | Despite early signs of a slowdown, Halifax said it was too early to determine whether Brexit had already had an impact on the housing market. |
| “House prices in the three months to July were 1.6 per cent higher than in the previous quarter; up from 1.1 per cent in June but comfortably lower than earlier in the year. The annual rate of growth was unchanged at 8.4 per cent; the lowest since July 2015," said Martin Ellis, Halifax housing economist. | “House prices in the three months to July were 1.6 per cent higher than in the previous quarter; up from 1.1 per cent in June but comfortably lower than earlier in the year. The annual rate of growth was unchanged at 8.4 per cent; the lowest since July 2015," said Martin Ellis, Halifax housing economist. |
| A similar survey by the mortgage lender Nationwide had previously said that Brexit's impact on the housing market was largely unknown and that prices had hit record levels. | A similar survey by the mortgage lender Nationwide had previously said that Brexit's impact on the housing market was largely unknown and that prices had hit record levels. |
| Nationwide reported a record average house price of £205,715 in July but said that the effects of Brexit cannot yet be predicted. | Nationwide reported a record average house price of £205,715 in July but said that the effects of Brexit cannot yet be predicted. |
| The building society's index showed a rise of 0.5 per cent for the month and a 5.2 per cent gain on a year earlier. | The building society's index showed a rise of 0.5 per cent for the month and a 5.2 per cent gain on a year earlier. |
| Investors pulled £1.4bn out of property funds worth £18bn in the immediate aftermath of the EU referendum as property investors rushed to get their money out of the sector. | Investors pulled £1.4bn out of property funds worth £18bn in the immediate aftermath of the EU referendum as property investors rushed to get their money out of the sector. |
| At the same time, international investors circled, hoping to get a good deal as the pound tumbled to 30-year lows. | At the same time, international investors circled, hoping to get a good deal as the pound tumbled to 30-year lows. |
| Estate agents in the UK said they had been swamped with calls from Chinese, Middle Eastern, Italian and Spanish buyers looking for a bargain after the pound tumbled to more than 30-year lows, making the exchange rate very favourable for foreign buyers. | Estate agents in the UK said they had been swamped with calls from Chinese, Middle Eastern, Italian and Spanish buyers looking for a bargain after the pound tumbled to more than 30-year lows, making the exchange rate very favourable for foreign buyers. |
| Home ownership in the UK has fallen to its lowest level since 1986 as soaring property prices shut people out of the market. | Home ownership in the UK has fallen to its lowest level since 1986 as soaring property prices shut people out of the market. |
| Home ownership has fallen 7 per cent in England from a peak of 70.8 per cent in April 2003 to 63.8 per cent in February 2016. | Home ownership has fallen 7 per cent in England from a peak of 70.8 per cent in April 2003 to 63.8 per cent in February 2016. |