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Housing market slowdown to continue

Our outlook for the housing market is weak. Admittedly, the recent rise in mortgage approvals and housing transactions offered a little relief for the market. But leading indicators suggest that those gains won’t be repeated. Indeed, even with a Brexit deal being struck, we expect little or no growth in lending or transactions over the next year. And we also expect the slowdown in house price growth to continue, with prices growing by just 1% in 2019.

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