Dexters reported the company's record week for sales last month, continuing the momentum generated in the last quarter of 2016. Andy Shepherd, Managing Director, comments “We’ve hit the ground running this year. The uncertainty surrounding the property market on the back of Brexit that has been dominating the news is having little impact on our market; buyers and tenants are out in force. We booked over 16,000 viewing appointments for buyers in January and almost 10,000 for tenants, showing that people are still moving forward with their property plans in the face of ongoing political uncertainty and legislative changes."
Prices fell by 0.9 per cent in January, Halifax said, against economists’ expectations for a flat reading, and well down from a gain of 1.6 per cent in the previous month. The result comes amid other signs of a slowdown in the crucial retail sector. Halifax housing economist Martin Ellis said in a statement: The quarterly and annual rates of house price growth remain robust even though they are lower than in spring 2016. UK house prices continue to be supported by an ongoing shortage of property for sale, low levels of housebuilding, and exceptionally low interest rates. These factors are unlikely to change materially during 2017. Nonetheless, weaker economic growth and increasing pressure on spending power, along with affordability constraints, are expected to dampen housing demand, resulting in some downward pressure on annual house price growth during the year.