Post-Brexit house prices and mortgage costs – what to expect
If there is one thing that has been a continual theme since the Brexit referendum on June 2, 2016 it is uncertainty – and that is not particularly good for housing market confidence. With withdrawal dates shifted on more than one occasion, not to mention a couple of changes of Prime Minister, it is surprising that market confidence has remained at the level it has. So, what does the future hold for housing prices and mortgage rates in the wake of Brexit? Yes, that still remains somewhat uncertain. The good news, however, is that popular opinion does appear to be moving away from the doom and gloom disaster forecasts that circled concerns of a ‘no deal’ Brexit. Moving away from ‘do deal’ doom and gloom This can only be good as some predictions were going as far as to suggest that as much as 20 or 30 per cent 1 could be wiped off the value of property in the event of a ‘no deal’ Brexit, which understandably would hit the housing market extremely hard. ...