How is Brexit going to Affect the Housing Market in the UK?
How will Brexit affect the UK property market? It’s one of the most frequently asked questions in the Brexit discourse. However, answers remain unclear, with some preaching doom and gloom and others brimming with confidence. No matter what, Brexit has been one of the most influential decisions in our country’s history and it has been discussed at great length. Uncertainty is the most commonly thrown around word when it comes to the Brexit debate, so clarity is useful. As late-night conversations in Brussels and Westminster continue to fuel speculation, we look at the numbers. We discuss what has happened to the UK property market since the 23rd June 2016. The impact of Brexit news on the UK property market is up for debate too. But, we’ve found 12 facts that can give us some idea of what Brexit means for UK property investment.
No matter where you stand on the Brexit debate, to assume it will have no impact on the UK property market would be naïve. However, the picture is complex. It is obvious that regional differences in the UK have made it even more so. Some areas, especially those in the North West of the UK have shown marked growth despite Brexit on the horizon. However, in London, a market slow down and substantial price falls paint a very different picture. For investors, the Brexit property market holds opportunities and challenges. As always, being as well informed as possible is key to navigating this new financial climate.