Monday, 27 June 2016

What Impact Will Brexit Have On The PRS?

The vote in favour of Brexit is a shock and has already resulted in a sharp decline in the value of the UK pound. But what impact will the outcome of the referendum have on the private rented sector?
  • Property prices - House prices could fall across many parts of the country as prolonged uncertainty and a potentially weaker economy has an adverse impact on the market.
  • New housing supply - Many residential developers will be less willing to commit to new property projects due to the uncertain economic climate. This will make it much harder for the government to achieve its target of building 1m new homes by 2020.
  • Rental prices - The cost of renting will rise across many parts of the UK as demand from tenants increases and new housing supply falls.

Read more on the website.

No comments: