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UK House Sales Stronger Than Normal in August - Rightmove

Infra News - Published on Wed, 21 Aug 2019

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Reuters quoted property website Rightmove as saying that August, normally a quiet month for Britain's property market, has seen a surge in sales, possibly due to buyers seeking to conclude transactions before the country leaves the European Union on October 31st. Sales in the August period, which cover the four weeks to August 10, were 6.1% higher than a year earlier and their strongest for the month since 2015, bucking a generally sluggish trend since June 2016's referendum on leaving the European Union.

Mr Miles Shipside director of Rightmove said that "While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year."

However, New Prime Minister Mr Boris Johnson has promised to take Britain out of the EU by October 31st, even if that means leaving without a transition deal - something most economists think will cause major disruption to businesses and overseas trade.

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Posted By : Mohan Sharma on Wed, 21 Aug 2019
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