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Morning Briefing: house price growth slows as Brexit uncertainty mounts

Falling prices in some regions and slow growth elsewhere leads experts to warn on Brexit, and the rest of the morning’s housing news 

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Morning Briefing: house price growth slows as Brexit uncertainty mounts #ukhousing

In the news

It’s Groundhog Day once again in the world of ‘monthly updates on the UK’s house prices’, which continue to show slow growth. The Royal Institution of Chartered Surveyors (RICS) notes the weakest market it has seen for six years with prices flat or falling across half the country, as reported by The Guardian here. Meanwhile, Halifax said prices had slowed to 1.5% year-on-year growth UK-wide, the lowest since March 2013 – before the introduction of Help to Buy. The Financial Times reports on the figures here.

RICS links the movement to Brexit, saying buyers are avoiding deals until a deal is struck.

Simon Rubinsohn, chief economist at RICS, said: “The uncertainty about the economic outlook on the back of the never-ending Brexit negotiations appears a key drag on sentiment.”

Listen to our Housing Podcast episode about a no-deal Brexit here:

Elsewhere, important research by the National Housing Federation (NHF) and Shelter showing that one in 10 properties advertised on property listing websites may be in breach of anti-discrimination laws is published today.

The story is covered by us here and makes it into The Sun, Politics Home and others.

 


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This morning, we also publish details of how well sprinklers are working in social housing. Research from reporter Nathaniel Barker shows that across just 92 blocks they have suppressed 12 fires.

The continuing calls for Theresa May to dismiss Roger Scruton, who was appointed chair of the new Building Better, Building Beautiful Commission over the weekend, continue – with Politics Home reporting his previous comments on homophobia and Islamophobia here.

Research by Public Finance magazine shows that 93% of English councils are planning more borrowing now that the cap on their finances has been lifted.

Yesterday we got to see the responses from the sector to the consultation on the government’s Social Housing Green Paper, which were less than complimentary on the idea of league tables. Here, the NHF publishes a blog on how it developed the response.

Moving on to some more local news, an official at Flintshire County Council – the first Welsh council to experience the roll-out of Universal Credit – has told of its “devastating impact” on people in the area, the BBC reports.

In Bristol, the city’s first 24-hour homeless shelter has opened despite “fierce opposition” from local residents. In Bath, a Conservative councillor makes the news by calling for rough sleepers to be “sent back where they came from” if they are not from the city.

In Rochdale, the local paper reports the findings of research by Centrepoint which show 5,000 young people are at risk of homelessness in the Greater Manchester region.

 

On social media

The G15’s Paul Hackett gives his take on the Letwin Review:

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