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.
There has been increased speculation about how the economy will fare as we make the final approach to Brexit. Ultimately, no one knows the exact outcome. However, there are several aspects to consider which could affect the rental market in both positive and negative ways.
Buying a home is always a big decision, even when everything is on the up and you’re feeling confident. However, with an undecided Brexit still dogging the economy, is now really the right time to make one of the biggest investments of your life and buy a property?
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.
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.
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?
