Monday, 22 August 2016

Brexit Not Yet Creating A UK Housing Recession

Since the European Union Referendum the number of residential properties advertised for sale in the UK has increased and average asking prices have reduced by 0.2%, new research shows. While the number of properties with a reduced asking price has increased from 29.3% to 34.5%, mortgage availability remains broadly unchanged. The research says that listings volumes do not suggest a slowdown and an analysis of residential property listings on major UK property portals and have found that since the EU referendum the number of listings has increased by 3.6%. Read more on the Property Wire website.

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