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Brexit Property Market

How is the Brexit lead up going to affect the property market? Will it drop, rise or stagnate? Are buyers going to be weary of a crash???

Asked on Jun 6 2017, House Prices in London | Report content

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  • That's a good question and nobody really knows the answer! The feedback I receive from customers about Brexit and their confidence in the property market is generally positive. After all it's what the majority of the voting public wanted!

    Answered on Jun 7 2017, Report content
  • I would agree, it´s generally difficult to answer this one - particularly as the somewhat surprising General Election result has thrown a further spanner in the works. Although it would depend on where you are located in London, there is a wide consensus that prices have become way too inaccessible (particularly amongst the young). There may need to be some kind of correction - but, at the same time, it´s difficult to see this happening to any great extent with interest rates so low. However, inflation continues above the Bank of England target, so that could have an effect on interest rates in the coming years (should general prices continue upwards).

    Web reference: http://www.zoopla.co.uk/

    Answered on Jun 14 2017, Report content

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