UK property market reverse ripple effect

October 28, 2016

According to Haart estate agents the London property market is predicted to be the last place in the UK to recover from the Brexit vote, the revival ouside the capital will “ripple” inwards rather than outwards.

Paul Smith, chief executive of haart, reportedly said: “What is clear is that since June, Britain’s property market has been turned on its head and London, for a change, is beginning to rely on the rest of the country for life-support.

“The evidence from our branches is that areas around 100 miles from the capital are where the market is reviving, and this is spreading towards the South East and London – a complete reversal of the traditional ‘London first’ pattern we’ve grown used to.

“This could be a historic realignment of our property market away from Central London, or a purely post-Brexit ‘flash in the pan’ phenomenon.”

 

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.

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