Will Brexit really lead to a house price crash?

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.

Key Takeaways:

  • 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.”

Read more: https://www.thetimes.co.uk/article/will-brexit-really-lead-to-a-house-price-crash-7rzhnnctt

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