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What will happen with the housing market in the UK after BREXIT?

Что будет с рынком жилья в Великобритании после BREXIT?

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Analysis of the UK property market from Nationwide shows that annual growth remains very modest, up to 0.4% and the average home value in Britain is now £215358 . Such low growth in housing prices held for eleven consecutive months. This means that the average price rose by just £ 800 for the last 12 months. The economy indicators in the UK remained volatile throughout the year, and low rates of price growth in the property market – a result of the slowdown of the global economy and Breaksit – uncertainty. Over the past month happened a lot of surprises in the political life of the UK. The fact that Brickset postponed for another three months, strengthened the feelings of uncertainty from market participants. A lot of pending transactions.Overall, we cannot say that market activity is not at all. Activity in the property market stable. Stable banks grant mortgages at historically low interest rates. Data from the National Bureau of Statistics show that the average price of property in the UK rose from £214,000 in June 2016 up to £228000 in January 2019. Impressive growth for any asset today. In fact, of the UK property market survived the global financial crisis and all the political turmoil that happened in recent years in the country and come out of this with a profit. Therefore, nothing will prevent it to grow further. It is expected that once there is certainty about BREXIT, prices will recover and, moreover, the market will experience a sharp jump in transactions to compensate for the pent-up demand.

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