15 Nov

Brexit sent to have “minimal impact” on sales

Brexit sent to have “minimal impact” on sales

The result of the referendum is set to have "minimal impact" on the UK property market, reveals the new Halifax Housing Market Confidence Tracker.

According to the index, optimism has fallen by 14 points since March and house price optimism is at its lowest since June 2013.

However, 57 per cent of people believe the average UK house price will rise over the next 12 months and only 15 per cent believe the Brexit vote will alter their plans to buy or sell a property.

"Optimism in the housing market has taken a fall in recent months, with many people now expecting a general slowdown in the market and no, or little, change in house prices over the coming year," said Martin Ellis, Halifax housing economist .

"This sentiment is consistent with recent findings from the Halifax house price index which show that prices are still growing, but to a lesser extent. Confidence with the wider economy has tracked down sharply since May 2015 but encouragingly, optimism has bounced back to where it was a year ago and is broadly neutral." he added.ADNFCR-1222-ID-801828359-ADNFCR

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