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Forecasts for how the housing market would respond to the shock of the Brexit vote have so far been wide of the mark – with house sales showing surprising resilience.
Before the referendum, experts predicted that economic uncertainty in the event of a Leave victory would cause house prices to fall, with any downward pressure on prices exacerbated by an exodus of overseas buyers.
But since the Brexit vote, house prices have not followed the predicted script. Indices from Halifax and the Office for National Statistics have reported that prices are still advancing rapidly, with a summer lull accounting for only the most modest cool-down.
here is the reason why investors are buying property in London
Before the referendum, experts predicted that economic uncertainty in the event of a Leave victory would cause house prices to fall, with any downward pressure on prices exacerbated by an exodus of overseas buyers.
But since the Brexit vote, house prices have not followed the predicted script. Indices from Halifax and the Office for National Statistics have reported that prices are still advancing rapidly, with a summer lull accounting for only the most modest cool-down.
here is the reason why investors are buying property in London