Property Wire, 4/01/19

British property market set to be slow until after Brexit in March 2019

Quoting James Greenwood of Stacks Property Finders

he British property market is likely to see a slow start to the new year, with continued concerns about Brexit expected to affect buyer and seller decisions until after the UK leaves the European Union in March.

The market in London is likely to be the slowest, with fewer international buyers, mainly due to economic and political uncertainty, including Brexit, according to the predictions from property experts.

However, despite the market not being as buoyant as it was a few years ago, accurately priced homes will still sell, according to Nick Leeming, chairman of Jackson-Stops. ‘Over the last year there has generally been a mismatch between vendor expectations and the price that buyers are prepared to pay, particularly at the top end of the market, so properties launching now at a competitive value will stand out and attract buyers’ interest,’ he said.

 

Read the full story here

 

 

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