Brexit jitters hit housing market as newbuilds decline sharply

London and the Midlands fare worst in figures that show big regional variation in number of new homes builtHousebuilding declined sharply in London and the Midlands last year as political and economic uncertainty around the shape of Brexit hit the housing market, according to industry figures.The number of new homes in London registered by housebuilders with the National House Building Council (NHBC) in 2018 fell 10% from the previous year to 16,069, the biggest annual drop since 2016. In the east Midlands and West Midlands, registrations were also down 10%, to 13,447 and 13,087 respectively following two strong years. Continue reading…
Via: Brexit jitters hit housing market as newbuilds decline sharply