- In England house prices grew by 1.1% in the year to March 2019.
- Across England, all houses showed an increase in average price in March 2019 when compared with the same month in the previous year.
- In London property prices fell by 0.4% in March and fell by 1.9% over the year.
- The average property price in Islington is now £642,894 representing an annual drop of 1.4%.
- In March 2019, the most expensive area (in London) to live in was Kensington and Chelsea, where the cost of an average house was £1.16million. In contrast, the cheapest area to purchase a property remains Barking and Dagenham, where an average house cost £300,517.
Brexit – could political strategies be about to change?
The results of the EU elections could become a turning point in the ongoing Brexit debate, with the six-week old Brexit Party securing 31.6% of the vote. The Conservatives and Labour have both haemorrhaged support whilst the pro EU Liberal Democrats made substantial gains. Support for the collective 'anti' and 'pro' Brexit parties, was 40% and 35% respectively.
These results will no doubt impact the arithmetics in Westminster. So far Parliament has been unable to find common ground on any Brexit option, other than the rejection of a no deal-but this may be about to change.
Until very recently, Labour was non-committal on a second referendum and appeared to prefer an early general election, whilst the Conservative Party was split between 'remainers' and 'brexiteers'.
A new threat in the form of the Brexit Party potentially replicating its success in a general election, may force both parties to abandon the middle ground in favour of a clearer and more decisive stance. This would avoid an early general election and the possible embarrassment that could follow.
These EU Parliamentary elections may have unintentionally just moved the UK closer to a much needed consensus on a way forward on Brexit.