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Money The fall in property prices is accelerating in the United Kingdom

14:55  02 june  2020
14:55  02 june  2020 Source:   lepoint.fr

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Brexit is the United Kingdom 's decision to leave the EU. That helps exports but increases the prices of imports. The pound may strengthen once a deal is approved, depending on the trade Brexit is a vote against globalization. It takes the United Kingdom off the main stage of the financial world.

La chute des prix de l’immobilier s’accélère au Royaume-Uni © Pixabay The fall in property prices is accelerating in the United Kingdom British property prices have fallen sharply since 2009

UK property prices have fallen sharply since the start of the coronavirus crisis. In May, recorded their largest monthly decline (-1.7% compared to April) since the 2009 crisis, against -0.9% the previous month, calling into question their increase at the start of the year. Real estate transactions fell 53% in April from the same month last year, according to data from HM Revenue & Customs, and some economists believe that a prolonged fall in prices is expected until the end of the year.

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United Kingdom - United Kingdom - Economy: The United Kingdom has a fiercely independent, developed, and international In the 1990s the movement known as Euroskepticism, which advocated political and economic disengagement from the EU, began gaining steam in the United Kingdom .

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>> Read also - Real estate: towards a fall in prices following containment?

On the growth front, Gertjan Vlieghe, a member of the Monetary Policy Committee of the Bank of England, said that the UK seems set to experience a recession "faster and deeper than anything else" we have witnessed the previous century, even for several centuries ".

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