Wednesday, 21 August 2019

House Prices Would Flounder In Six Months After No-Deal Brexit


Britain’s drifting property market would probably take a hit from a disorderly Brexit, with average prices slipping about 3% nationally in the ensuing six months and as much as 10% in London, a Reuters poll of housing experts found. Roughly 85% of respondents said both UK and London house prices would fall in the six months subsequent to leaving the European Union without an agreement. But if Britain departs the EU with a transition deal - the scheduled leave date is Oct. 31 - house prices are due a mild 1.5% lift over the following two quarters. They would rise 1.4% in the capital. Read more on the Reuters website.

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