Post Brexit property market sees instant impact

Post Brexit property market

It appears the impact of the post Brexit property market is beginning to show already.

Just two weeks after the vote, the post Brexit property market is showing London property prices falling 1.1% in one month; the equivalent of around £6,000 on the average London property price.

London was not the only area to feel the impact of the vote to leave the European Union, with average property prices in the South East and the North East also experiencing a drop (0.2% and 0.7% respectively).

The North East will be particularly affected by the drop after only recently showing signs of recovery from the financial crisis that battered the property market in the region.

Other areas of the country have continued to experience modest growth over the last month, but experts warn this may not continue into the next month’s figures.

Areas that experienced growth included the East Midlands (0.7%), the North West (0.4%), Wales (0.4%), Yorkshire (0.3%), the West Midlands (0.2%) and the East of England (0.1%).

This content was written by Quick Move Now
Published on 12th July 2016
Last updated on 6th August 2018

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