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Financial Blog

BREXIT: The proof is in the pudding

Since the BREXIT announcement there has been a lot of uncertainty among industry experts about the future of the UK housing market. Many warned of severe downturns and buyer confidence dwindling with a leave vote.

brexit mortgage

The RICS (Royal Institute of Chartered Surveyors) noted that buyer demand rose for the first time in 7 months during September.

There are still a lack of properties going on to the market, which is driving up property prices. Surveyors predict that over the next 3 months’ house prices will continue to rise on a National level for this reason, except for in London where it is expected to see a small decline to mark a greater level of caution.

In addition, on Monday 17th we surpassed our record month, and it’s still only the middle of October! The proof is in the pudding that the leave vote has not had the long term catastrophic consequences previously warned. In fact, certainly for our business it has prompted our record month.

If you wish to chat with a mortgage expert please contact us or call us on 01273 736536.

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