The housing market in England and the UK has been out of this world. For the past couple of years the already incredibly high priced market has been on a tear. In big cities like London and Brighton, the properties have become so unbelievably expensive that normal people can only dream of affording them. This has led to lenders making a lot of money. Now, people fear that Brexit is going to cause the market to crash.
- London is one of the most expensive markets in the world as it relates to property.
- The prices of homes are continuously rising as time goes on and lenders are taking advantage.
- Some people are stretching themselves very thin with taking out loans not thinking about what could happen in the future.
“When Mark Carney briefed cabinet ministers during a session to discuss Britain’s preparedness for a no-deal Brexit, 10 days ago, he perhaps should have known he was playing with fire.”