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British House Prices Have Risen Sharply

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House prices in the United Kingdom have risen sharply this month. According to figures from mortgage provider Nationwide, prices rose by 2.3 percent in February compared to a year earlier.

 

That is the most substantial increase since July 2018.

It was also the third month in a row that house prices showed an annual increase of more than 1 percent.

With that, there are more and more signs that the British economy is showing a revival following the parliamentary elections in December. Then Prime Minister Boris Johnson made such a big win that he was finally able to arrange the Brexit.

The British real estate market was somewhat slumped after the British had voted in a referendum in 2016 for departure from the European Union.

Multiple delays in Brexit caused uncertainty, with an impact on the economy and the housing market.

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