Crunch day for the UK – but how could crucial Brexit vote affect the property market?
Today is a big day for the country, with a crucial vote due this evening in Parliament on Brexit.
Looking at the agent that EYE uses daily to monitor the market generally, we can see that so far this year this south-east branch has not put one property under offer so far this year, and has just one new listing – although of course it could be marketing properties without publicity.
However, on the other hand, we can also see from social media that Thomas Morris has 42.2% more sales this January than at the same point last year, with instructions up 51.2%.
Then there was the Telegraph story at the weekend about the vendors choosing to sell now, and then sit it out while renting before buying again, in anticipation of picking up bargains after Brexit-related house price falls.
Source: Property Industry Eye
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