The UK housing market after Brexit was a concern for most home sellers specifically in the markets of South East and London. However, the England market has seemed to show considerable growth despite the appearance of the political landscape. The annual change percentage for the markets in the UK went from 2.2% in the North East to 9.4% East of England. January 2017 showed considerable growth for England, Northern Ireland (taken at Quarter 4 of 2016), Scotland, East of England, London, South East, South West, and the West Midlands Region. However, this growth needs to be taken with a grain of salt, because experts state that though the numbers look solid for January, there is a concern of deteriorating consumer fundamentals as well as a weaker confidence from consumers. While there appears to be a gain potential for this year, it has to be kept in the forefront that due to the dealings that have occurred during Quarter 4 politically, that will still have an impact on the overall housing landscape.
Read more: UK house prices add another £13k on last year | This is Money – This is Money