Over a thousand days have passed since the EU referendum was held and, for some, this feels like a lifetime ago thanks to the drawn-out negotiation process. Almost three years on, the UK is still unable to reach a verdict on the final deal for leaving the EU.
Since June 2016, Brexit has influenced and impacted almost every single financial market and industry and property is no exception. Real estate is no exception and has, in fact, been a huge focal point in much of the Brexit speculation. Many onlooking have discussed what this may mean for house prices in both the short and long term, but despite many doom and gloom premonitions and predictions, the property market has actually been responding to the challenges which have been caused by Brexit.
Although the uncertainty which has come from Westminster has, naturally, caused some concern and hesitancy for both sellers and buyers, prices have actually risen in some parts of the country and property investment has continued.
House Prices Are Rising, But Hesitancy Remains
According to figures released by the Office for National Statistics, the house price on average in the UK in June 2016 was £214,000. In January 2019, this …