The UK property market is expected to continue to be resilient with the north forecasted to lead the way and technology predicted to transform the sector.
Despite gloomy predictions for how Brexit will impact house prices, the UK property market has shown resilience since the vote to leave the EU in 2016. And the housing sector is certainly expected to cope much better with Brexit than the financial crash of 2008.
It is not all doom and gloom
With the Brexit date of 29 March drawing closer, buyers in the property market have been subdued. However, Aston Mead Land & Planning, one of the leading land brokers in the Home Counties, believe pent-up demand will feed back into the property market next year.
Richard Watkins, director of Aston Mead Land & Planning, said: “Despite the risks involved in the current challenging market conditions, we expect that come April 2019, those hoping to trade up will find that the gap in sale values and onward purchase prices will be the narrowest it has been for half a decade.”
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