Residential and Commercial Property after Brexit

February 22, 2016

If Brexit is the outcome of the EU referendum announced for the 23rd of June by Prime Minister David Cameron, then a drop  in the prices of residential and commercial property could happen.

The date has been set and the in’s and out’s campaigns will now commence in earnest in the run up to the day of the referendum, both sides are ready to do battle, Boris Johnson declared late yesterday that he will be joining the out campaign.

According to a recent report, online estate agent eMoov has warned that house prices could drop by 5% if the UK votes for out . The company thinks that it won’t necessarily be the leaving of the EU itself that would cause house prices drop, but the uncertainty amongst homeowners and buyers as to what will happen next.

An article in The Telegraph  yesterday stated research has found that up to 200,000 workers could leave London if the UK exits the European Union, this would result  in a huge correction in commercial property prices, the change in the office market could also have a knock-on effect for residential property. The levels of vacancies  would hit the value of London’s office rental market, driving rents down as demand reduces, which in turn affects the value of a building.

 

 

 

 

 

 

 

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

Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More →
Breaking News

Average house price edged down in August

House prices in August 2026 were -0.4% lower compared to the same month a year earlier.   Average house price edged down in August as market remains subdued • House prices fell slightly in August ( -0.2%), following a -0.1% decrease in July • Average property price now £298,468 compared with £299,153 in July •…
Read More →
Estate Agent Talk

A derelict property will still set you back £240,000

The latest data from LandSale, the property portal dedicated to land and rural property, reveals that buyers looking to breathe new life into a derelict property could face an asking price as high as £237,500 on average, highlighting the substantial value still attached to redevelopment opportunities across Britain.   Britain continues to struggle with a severe…
Read More →
Estate Agent Talk

Selling an Inherited Property in Scotland: A Clear Guide

Selling an inherited property in Scotland can begin only once confirmation, the Scottish equivalent of probate, has been granted by the court. Until that legal authority is in place, the executor cannot complete a sale, so grasping the sequence early saves later frustration. Families who would rather not manage a long marketing process sometimes approach…
Read More →
Breaking News

Breaking Property News 3/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The imminent interest rate hike is going to be a real reckoner for property   When interest rates rise again, Britain’s housing market will discover what it is really worth   Thought Leadership by Andrew Stanton CEO Proptech-PR For more than a decade, Britain’s housing…
Read More →
Breaking News

Tenancy deposit reform overlooks estimated £750m

As the Government considers reforms to England’s tenancy deposit system, The Letting Partnership is warning that one major question remains almost entirely absent from the debate: what happens to tenancy deposits that are never reclaimed? While current discussions have focused on how deposits should be protected in future, namely custodial vs insured schemes, far less attention…
Read More →