How Brexit is affecting the UK property market

The UK’s housing market responds to a wide variety of issues and developments, which can change with the passing of time and introduction of new policies and desires. Among the issues that has affected the property market for over two years now, is Brexit.

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Will Brexit end the London price boom?

The year 2018 is not going to be a positive one for London house prices, and it’s all because of Brexit. At least that’s what the latest quarterly property price poll from news agency Reuters suggests.

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House prices in the North to surge over the next 5 years

The future outlook for UK house prices remains clouded. However, some recent research suggests house prices in the north of England will outperform the rest of the country.

According to global property management business Savills’ latest Residential Property Forecasts Report, the average price of a UK residential property is expected to rise 14.3% by 2022. But, much of the increase is likely to be driven by the north of England.

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An unexpected side-effect of Brexit

By some estimates, as many as 100,000 financial services jobs could be leaving the UK as a result of Brexit - and a disproportionate number of those workers live in crowded, in-demand central London. Will your dream house suddenly become easier to find?

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