Call us 0800 470 0331

Brexit House Prices – Should I Buy A House After Brexit?

4 April 2019

Whether you stood firm and voted to remain or are an avid Brexiteer, there is no doubt that there is still enormous uncertainty as to how Brexit will affect us. One of the big question on the public’s lips is “Should I buy a house after Brexit, or before?”

It’s not only Theresa May trying to pull back on the reigns and postpone plans, but also many of us who are deciding whether to take the plunge and make an offer on that dream house.

House Prices Post Brexit

So, what might a no deal Brexit mean when it comes to house prices?

There are definitely concerns that house prices could fall and “HOUSE PRICES CRASHING!” certainly makes a good newspaper headline, however, there seems to be no real indication that any “Brexit house price crash” is on its way.

HMRC’s November 2018 figures show 100,930 properties were sold during 2018 as oppose to 101,410 the previous year. This is less than half a percent difference and again indicates that people aren’t being put off.

WHICH Consumers Association predict a similar story in that the “Blockbuster Growth” which we have seen in the last decade, may well have come to an end, but that it is highly unlikely that prices will crash in 2019.

Along with the recent Stamp Duty perks for first time buyers, is 2019 going to be a buyers’ market?! It seems so. House prices may level out and provide those currently struggling to get onto the property ladder a fighting chance.

Property experts indicate that 2019 will be “steady” but the truth is, nobody actually knows what will happen and how things will be affected – which we can understand is less than comforting.

If circumstances that you can control, all fall into place – such as your financial situation, the location of that perfect property and that you are looking to buy for the future as a long term investment, then it may just be worth it.

If you’ve got any concerns over Brexit house prices and you’re asking the question “should I buy a house after Brexit, or before?” then get in touch with us here. Our conveyancing team will be able to guide you through the process of buying a house in this period of uncertainty.

Related Insights

Sign up to our newsletter

apply area-criminal area-divorce area-employment area-home area-motoring area-personal arrow_downarrow-left-long arrow_leftarrow-right-long-menu arrow-right-long arrow-right asbestos-claimsbenefits-health benefits-incentive £ benefits-nursery benefits-pension blueprintbottom-wave-180 bottom-wave buildingsbusiness-services calendarcertificationcharitychat checklist clockcommercial-propertyconveyancingcriminal-defencecrossdefencedisputesdivorce-family divorce documentsdownloaddrink-drivingeducationemail-altemail-outlineemail employmentevent-calendarfixed-fee-divorcefor-salegravelheartbeathero-wave home-searchhospitalhousehricon_laptop_add icon_purchase_new icon_purchase_standard icon_quill icon_remortgage icon_sale_purchase icon_sale icon_tick icon-feather-mail icon-user input-error input-upload input-valid job-descriptionlegal-aidlitigationmap-marker map-pinmoneypersonal-injurypersonal-services phone-primary phone play propertyremortgagesearch-primary searchseparationsocial-facebook social_googleplussocial_instagramsocial_linkedin_altsocial-linkedin social_pinterestlogo-twitter-glyph-32social_youtubesoldtenanttick_circle_green ticktoggle-cross traffic-accidenttreewill-probatewillwrite-a-will