EU Referendum 'Likely To Slow Housing Market'

The housing market is likely to be depressed in the run-up to the referendum on the UK’s membership of the EU, according to consultants Hometrack. Hometrack’s index of house prices in 20 UK cities revealed the overall number of sales fell by 2% in the last year. The consultancy warned that uncertainty over the ‘Brexit’ referendum was “likely to slow activity further”, based on analysis of the market during the Scottish referendum. It added that other policies – such as higher stamp duty for investors and second homeowners – was expected to contribute to a slowing market. Read more on the Hometrack website.