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Brexit: are we in for a property crash?

Posted on Wednesday 6th July, 2016

So, it’s over. Whether you agree with the result or not, we’ve all got to come to terms with Brexit. We’ve read the news, watched the television, talked to our friends but only one thing seems really clear – nobody knows quite what happens next.

In the wake of a leave vote The Guardian https://www.theguardian.com/uk-news/2016/jun/25/homebuyers-wobble-in-wake-of-brexit-vote

has already reported on a “wobble” in the housing market.

It is hardly a surprise that some are spooked by the market uncertainty.

So what – or who – should we believe? The obvious first point to make is this: it’s early days.  For any informed longer-term predictions, we need to wait to see the results of the monthly house price indices – that means waiting until September or October to get a real insight even into the short-term trends.

Of course, at Acorn4mortgages we’ll be keeping a very close eye on these along with other key data such as mortgage lending and economic performance. We know that uncertainty in the market can be hugely unsettling if you’re trying to make a major financial decision. And, of course, we can’t promise to know exactly what will happen next.

But what we can do is draw on our insight and experience to give you clear-sighted comprehensive advice. So that you can make the most informed decision based on your specific circumstances. If you’re concerned about how Brexit might affect your financial future, we’d like to hear from you.

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