Brexit
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Features
Brexit, buyers and bargains!
Designs on Property tracks and summarises the property indices.
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Latest property news
Blame Boris! Central London transactions slump by a third during final months of 2018
Research by estate agency Winkworth reveals a worsening position in the capital as Brexit jitters continue to subdue property sales in its central boroughs.
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Latest property news
Is your estate agency branch in a Brexit busting city?
As uncertainty continues over Brexit and Theresa May prepares to return to Brussels to hammer out a new deal, house price research shows many cities outside London have shrugged off the Brexit blues. Zoopla says house prices are rising at least twice as fast as the national house price inflation average of 2.7% in six cities. “As the debate around Brexit intensifies there has been renewed focus on what this means for the housing market,” says Zoopla’s UK Cities House Price Index. “It is clear from the transactional data that households are continuing to buy property at a steady rate and the impetus for growth in both activity and prices is focused in regional housing markets.” The six year-on-year house price increase Brexit-busters are: Edinburgh: 6.8% Liverpool: 6.3% Birmingham: 5.9% Nottingham: 5.9% Cardiff: 5.9% Manchester: 5.8% A further seven cities are seeing growth in excess of the national average: Leeds: 5.7% Sheffield: 5.4% Leicester: 4.6% Belfast: 3.8% Glasgow: 3.3% Newcastle: 3.3% Bristol: 3.3% “The strongest performing cities are outside SE England where affordability remains attractive and employment levels are rising,” says Zoopla’s Research and Insight Director Richard Donnell (below). “We expect current trends in price growth to continue across the…
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Latest property news
Housing market makes a slow start to 2019 caused by ‘Brexit hesitancy’
Brexit has in part been blamed by Rightmove on the weakest start to the year for the housing market since 2012, its latest index says.
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Latest property news
Gloomy report from RICS as Brexit blues continue
The RICS has published its latest (December) UK Residential Market Survey, which shows that the market is still on hold due to political uncertainty, lack of stock and affordability.
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Latest property news
Mortgage approvals drop dramatically, latest figures show
The number of mortgages approved during November 2018 was down by nearly 11% year-on-year as Brexit worries continues to cause problems.
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Features
Property market snapshot: run put to Xmas
Kate Faulkner says: “Confidence is waning. Brexit is starting not to influence the market, but to influence people’s confidence. As Christmas approaches, unless you have to, why would you move?”
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Latest property news
Hard brexit WILL harm the housing market, say industry leaders
A survey of developer and estate agents has revealed the latest industry opinions on how Brexit will impact sales, lettings and construction.
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Latest property news
Transactions to drop by 20% if Brexit negotiations are extended
Read how Paul Smith has predicted the likely outcomes for the housing market for several different Brexit outcome including a no deal.
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