According to Halifax, and despite Brexit uncertainty, UK house prices rose at the fastest monthly rate in almost two years in December. Halifax state that the average price of a home rose by 2.2% when compared with November.
Much lower returns were forecasted by economists in a poll by Reuters. This is a sign of strength for the economy less than three months from the date that the UK is expected to leave the EU.
When looking at macro-economic figures for the UK it is easy to take a pessimistic view of sluggish growth, though this is not actually reflective of all parts of the country (as mentioned in previous blogs) which is what has caused this surprise statistic. It is true however that with heightened political uncertainty, growth has been slow for the UK, making getting the right (and objective) advice, and looking closely at the fundamentals, so important.
What we can be certain of is that there are always opportunities for people who are willing to do business. Only the would-be investors that sit on their hands will see opportunities pass them by. It is the ability to look for openings in the market (or seek the guidance of those who can) that will ensure we can navigate the uncertainty.