A house door is seen in London, Britain January 19, 2017. REUTERS/Stefan Wermuth
LONDON (Reuters) – British house price growth cooled in the first three months of 2019 in annual terms and the outlook is likely to remain subdued, given Brexit uncertainty and high property prices, mortgage lender Halifax said on Friday.
Compared with the same period of last year, prices rose by 2.6 percent, slower than a rise of 2.8 percent in the three months to February.
A Reuters poll of economists had pointed to an annual rise of 2.3 percent for the first quarter.
Last week, data from rival mortgage lender Nationwide showed house prices picked up a bit of speed.
But Britain’s housing market remains weak, especially in London, as Prime Minister Theresa May struggles to find a