House Prices to crash by a third from a ‘Do Deal’ Brexit says Mark Carney

September 14, 2018

Yes, I know, for those who voted Brexit then there is no such thing as a ‘No Deal’ Brexit, it is either as what was voted for ie leaving the EU ie Brexit or not. Though with the headline that many like to embrace, a no deal Brexit is now threatening a third of value crash in the UK property sector.

I am sure many readers, mostly those pro Brexit, will likely agree that house prices really need an adjustment and a third off the value is very much where things should be as more and more people struggle to get on to the housing ladder or struggle with rental payments – A house price adjustment would be just the ticket for many people nationally. Those with a vested interest in property and likely to be on the side of a remain in the EU outcome re Brexit, then this could be a major concern, finances in ruins, tough times ahead as prices start to fall, more property arrive on the market, landlords dumping portfolios and buyers starting to play the waiting game (it has been sometime since we had that situation).

So, how can a Brexit deal really effecting the UK housing market? Interest rates apparently and the fact that they may get hiked up in order to accommodate a drop in value for the sterling (didn’t we have a drop in value on a few years back when the pound was more or less level with the Euro?). Mark Carney, Governor of the Bank of England, recently secured himself a continued role in that position until at least 2020 so he will likely be about if his predictions come true and be there to orchestrate the rise of interest rates… Maybe.

Many media outlets are reporting on the likelihood of a property price crash: https://www.dailymail.co.uk/wires/pa/article-6165883/Bank-England-warns-no-deal-Brexit-house-price-crash.html

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Home and Living

Expert Review: Pantego Electrical Services – Reliable and Affordable Solutions

When it comes to maintaining safety and comfort in your home or business, high-quality electrical work is crucial. For residents and businesses in Pantego, reliable electrical services are available through licensed professionals who prioritize customer satisfaction. In this review, we explore Pantego Electrical Services and highlight why Darby Electric Service is a trusted choice for the community.…
Read More →
Estate Agent Talk

Storytelling for Homeowners: Producing Content That Connects Emotionally

In the quick-paced global of online facts, information by myself is rarely sufficient to encourage or have an effect on. Whether you’re a home owner sharing your protection adventure, a blogger covering indoors traits, or a real estate professional assisting customers discover their dream homes, storytelling is the important thing to building belief and emotional…
Read More →
Estate Agent Talk

This Summer’s Extreme Heat: What It Means for UK Gardens

The UK has been enjoying plenty of warm sunshine during the early weeks of the 2025 summer season. In predictions made by the Met Office for the three-month outlook there is plenty more hot weather to come. According to the government agency, the UK’s meteorological summer is twice as likely to be hotter than normal…
Read More →
Breaking News

No-fault evictions by bailiffs up 8%

New figures show that in the 12 months since Labour came into Government, no-fault evictions by bailiffs in England have risen by 8%. Labour has pledged to end no-fault evictions under its Renters’ Rights Bill, which is going through Parliament. According to the latest figures from the Ministry of Justice there were 11,402 repossessions by…
Read More →
Breaking News

Leasehold Lettings Under Pressure: Landlords Blocked from Improving Flats

New research from LRG (Leaders Romans Group) reveals that leasehold structures are creating a growing barrier to progress in the rental sector, limiting upgrades, pushing landlords away from flats, and lowering tenant confidence in how buildings are managed. According to LRG’s most recent Lettings Report, 58% of flats let by landlords are leasehold. Among these,…
Read More →
Breaking News

234% surge in demand for air-conditioned homes as UK buyers brace for hotter summers

Following the many heatwaves the UK has experienced this summer, searches for homes that are for sale with air conditioning have more than tripled in a year (+234%).1 According to recent research, just 1.2% of homes for sale in England feature air conditioning, which adds around 2.5% to a property’s overall value.2 As air conditioning…
Read More →