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TODAY'S OTHER NEWS

House prices expected to remain static in event of ‘no-deal’

Nearly half (44%) of the UK population believe that house prices would remain ‘about the same’ in the event the UK leaves the EU without some form of deal, according to PropertyRoad.co.uk.

Conducted in conjunction with research company Populus, the survey asked over 1,000 Brits what they believe would happen to UK property prices if the UK leaves the European Union without some sort of deal.

The results found that 44% of people expect house prices to remain the same, while 31% believe house prices will fall, and only 25% anticipate property values will rise.

There were also clear differences between the older and younger generations, with only 20% of people aged over 35 predicting property prices would rise after a no-deal Brexit, as opposed to 37% of those aged under 35.

However, the differences in outlook between men and women were not as clear-cut, with the findings suggesting that women are taking a more optimistic look at the consequences of a no-deal Brexit on property prices.

In fact, 27% of women believed house prices would go up, compared to just 23% of men. Some 44% of both sexes think property prices would remain the same.

With the results fairly well split, Paul James, owner of PropertyRoad.co.uk, believes this indicates the confusion felt by many as to exactly what a no-deal Brexit would actually mean for the country.

He added: “However, the survey does show that the majority of people are no particularly optimistic about property prices in the event we leave the EU without a deal. With only a quarter of respondents expecting house values to go up, there is a clear message that people are concerned about what a no-deal Brexit would mean for the value of their home.”

“When you combine that with a general slowdown in the growth of property prices over the last two years it’s easy to see why many put off moving until more certainty returns to the market.”

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