House Builders get demolished in the markets.

One of the major downsides to the UK voting out last thursday was the negative reaction across the markets,  the FTSE dropped the least when compared to other exchanges, the Brexit vote has caused an air of uncertainty that extends far beyond the UK and Europe and looks like continuing for some while yet.

One of the stock market sectors that was affected the most by the drop in shares values was the House Building sector, Taylor Wimpey saw one of the biggest falls in its share price at around 30%, others that suffered similarly  were Persimmon, Crest Nicholson, Bellway and Bovis Homes Group.

There are expectations that  demand for new houses  will fall over the next 6 months as a direct impact from the decision to Brexit. House prices are also expected to fall because of the short term  uncertainty over the economy, by how much and for how long is anyones guess, some might say that prices were overheated anyway and Brexit is as good a reason as any for a cooling of property prices to take place.

A pullback in house prices would be good news for younger people who at present are struggling to get their foot on the housing ladder, the last year has seen house price growth across the country that is quite simply unsustainable.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Rightmove logo
Breaking News

Annual price fall driven by south, which could be harder hit by rumoured property taxes

The average price of property coming to the market for sale rises by 0.4% (+£1,517) this month to £370,257. However, average new seller asking prices are now 0.1% below this time last year following several months of muted price growth The dip in annual prices is driven by London and the south, as the south…
Read More
Breaking News

Rental market cools as Zoopla records slowest annual rent increase in four years

Average rents are 2.4 per cent higher than a year ago, the lowest annual rate in four years and less than half of that recorded 12 months ago Average rents have increased by almost £80 per week over the last five years, adding up to an extra £4,100 a year for renters, resulting in affordability…
Read More
Breaking News

Rent and run? Agents warn of new ‘Stopover Tenant’ epidemic

Nearly 1 in 3 letting agents report tenants walking away from 6–12 month tenancies – some after just a few months Experts warn rental reforms are fueling relocation-style, short-term renting Almost half of agents now advising landlords on how to manage early exits A new trend is sweeping the rental market and it’s leaving landlords…
Read More
Breaking News

Breaking Property News 11/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   A ‘workplace companion that’s not just about managing buildings’ Smart Spaces has launched Space Agent, its new agentic AI-driven workplace concierge designed to transform how people manage and engage with buildings and their workplaces. Space Agent – introduced through its friendly persona, Max – is fully…
Read More
Breaking News

Where can you still buy a home for under £150k?

Zoopla reveals Great Britain’s property bargain hotspots Just 12 per cent of all homes for sale across Great Britain are priced under £150,000 making location key for home buyers looking for a bargain In the North East, a remarkable 41 per cent of all homes for sale fall within this price range, followed by Scotland…
Read More
Breaking News

Landlord repossessions soar as Renters’ Rights Bill looms

Landlord repossessions soar as Renters’ Rights Bill looms, with some areas seeing increase of over 2,500% The latest analysis from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, shows that landlord repossessions have increased by 6.8% across England and Wales. However, in some areas of the country they have soared by…
Read More