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London Property Market 31 May 2018

Impact Of Brexit

Almost two years after the 2016 EU membership referendum returned a majority favour, there has yet to be any significant economic impact. Our Brexit Report looks at the real-estate sector post referendum and what the future holds.

With concern among EU residents regarding their post-Brexit residency status, a number of purchase decisions have been put on hold. Although buyer demand has weakened, buyer interest has risen over the past 6-9 months as asking prices have decreased to a more acceptable level. The transaction numbers seemed to be hindered not only by Brexit but affordability issues and record of low volumes of available stock.