Brexit uncertainty?

Brexit uncertainty?

Is the political conundrum of brexit still effecting the UK housing market.

In April 2019 the average asking price for a house in the UK increased by 1.1% which was the highest increase of asking prices since March 2018. 

House sellers and buyers have seemed to become " Bored of Brexit" not allowing it to fruther put their lives on hold anymore. Although house prices have seen a slight increase , new properties and number of sales agreed are all below this time last year. 

Miles Shipside , Rightmove director, said:  “The rise in new-seller asking prices reflects growing activity as the market builds momentum, egged on by the arrival of Easter. “Some sectors of the market and some parts of the country have strong buyer demand and a lack of suitable supply. “However, on average, properties are still coming to the market at slightly lower prices than a year ago. “It’s one of the most price-sensitive markets that we’ve seen for years, with buyers understandably looking for value or for homes with extra quality and appeal that suit their needs.”

Mr Shipside also said the Brexit extension could also now give hesitating home-movers encouragement “that there is now a window of relative certainty in uncertain times”.

Could the small window of certainty give hombuyers the confidence they need to move, hopefully giving momentum to the market for the foreseeable future.

For enquiries please get in contact.

8 views0 comments