The housing market has been at the centre of a storm in
recent years. Now the vote to leave the EU has added yet another major change
which will create even more uncertainty for households and businesses. The
impact on the private market is likely to be felt more in levels of market
activity than in price changes. With many buyers adopting a 'wait and see'
stance until they can ascertain what Brexit means for both the economy, the
number of sales will no doubt fall. Past experience suggests this could be
anything between a 5-15% drop in sales volumes. At present we don't expect
widespread house price falls. Read more on the politics.co.uk website.
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