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Brexit uncertainty blamed for worst UK housing market outlook in 20 years

  • 📰 The Independent
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Pessimism in the short-term suggests the cause is the current lack of clarity around what the UK's exit from the EU will look like

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 /  🏆 80. in SE
 

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Its only ‘The Worst’ if you believe that having a housing market whereby young graduates need ten or 12 times their salary to buy a home, as opposed to two or three times, 20 years ago, is a good thing. It isn’t

Welcome to biased reporting. 2008 financial crisis hurt the housing market, everytime there is uncertainty (basically when the rich capatalists screw up) the housing market crashes. No deal and a plan is better than uncertainty which Gravy Train MPs are causing at the moment

Excellent news. House prices need to fall between 50-70% so young people can afford them. Hard Brexit, full steam ahead.

What does this mean

That's because estate agents don't know, or care about selling. Just bung it on the net some twat will click and buy it.

Personally id blame the Tories overall but Brexit hasn't and won't help any market.

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Brexit indecision blamed for bleakest housing market outlook in 20 yearsThe Government’s failure to agree a suitable Brexit deal is causing significant problems for the housing market, with the surveying industry predicting the current slump will continue in the coming months. Yes awful. A smaller mortgage for the next house, less stamp duty, agents fees. How terrible. Wow! 28% is even more than your 22% drop in circulation! No surprise there then..
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