UK’s housing price growth slowed down last month, Bloomberg reports. It confirms that British property market is weakening.

Prices grew by 1,9% during three months ending in May compared to last year. It is lower than during previous three months, including April. However, monthly increase was 1,5%, while in April prices fell 3%.

Housing prices show depressing values last few years after three-year boom. Declining demand due to Brexit, economic growth slow down and still high valuations continue putting negative pressure on property market.

However, experts think that recovering budgets of British households will support prices that averaged to 224439 pounds ($300000).

Wage growth and reduction in consumer inflation will weaken pressure on real earnings of households.