Property Prices Continue Rise Despite Brexit - Residentiallandlord.co.uk

Property Prices Continue Rise Despite Brexit – Residentiallandlord.co.uk

In the countdown to the deadline for the UK to trigger Article 50 and thus take the next step forward with Brexit, there has been much uncertainty. One market that has maintained unexpected growth over the past year is real estate. England’s growth rate is much higher than the rate seen in Wales, which saw a modest loss to end the year in December. It appears that the Brexit-related concerns are not impacting the value of land and homes in the UK.

Key Takeaways:

Property prices are still going up with East England showing the greatest year-over-year increase, 9.4%.
Brexit is just around the corner. With it come many economic uncertainties.
Many believe the UK economy will continue to be healthy and strong, just as it has been in the last few months.

“Despite doom and gloom predictions in the run up to the EU referendum, Brexit uncertainty continues to be ignored by the property market as prices continue to rise regardless of the imminent start of the exit process.”