The economy of the United Kingdom has been the most fluctuating among the world, as the international situation changes. While the effects of Brexit still hurt, other changes such as global slowdown have not done it any favors. However, there is still some much awaited good news for the economy.
The UK economy has taken many hits as political instability as well as announcement of elections have not helped it. Yet, the Nation has seen some growth in the prices of houses, which is quite the good news.
The average price of a home in the United Kingdom rose by 0.5% in November to £215,73, which is a good growth given the circumstances. Prior to Brexit, house prices rose to 5% and actually fell when Brexit was announced back in 2016. Now the annual rate rise is still below 1 percent, but this month has been the first time the prices saw a hike by .5 percent. While this may mark the start of a recovery that has very dearly been anticipated, nothing will be made certain until at least after December 12, when the elections happen.