Many housing experts thought a Brexit would be devastating for the UK housing market, with building costs increasing and a two-tier market developing as overseas buyers took advantage of the plummeting value of the pound.
But they quickly changed their minds when the Brexit result came through, with many saying that a Brexit would result in higher house prices — at least for a while. We’ll likely have a better idea of the real impact in a few months.
There is still no sign of when — or even if — the UK will trigger Article 50, the two-year EU notice period, as both Conservatives and Labour are going through intense leadership battles.
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Brexit impact on UK property market article