Brexit: A big change with little impact on the country’s property market

Brexit: A big change with little impact on the country’s property market

With the triggering of Article 50 earlier this week, it has finally become official: the UK is leaving the EU. The country’s property market, however, is not set to feel a lot of the change.

What Britain’s decision to leave the EU will do to its property market is a question that has been asked frequently. The simplest answer to the question possibly lies in what we’ve already seen, which isn’t a lot.

Happy Article-50-Day: Will Brexit put a dent in planned property purchases?

The impact of the Brexit vote last year was hardly noticeable when it comes to the property market. House prices have been rising constantly with only London being an exception to that rule.

So let’s have a closer look at the London market for a moment. London has seen a decrease in house prices and with that seems to have lost its Number One spot of ever growing desirability. But putting that purely down to Brexit would be a great mistake, especially considering the stamp duty changes came into effect only two months prior to the referendum.

And the argument that a change to tax regulations adding a rather substantial amount to an already rather large price tag will have a bigger impact on an investor’s decision than the possibility of a country leaving a political union is an easy one to make. Which means one may be better off explaining London’s dropping popularity with tax changes rather than political instability.

When Brexit became reality: British pound and property after March 29

When it comes to the rest of the country, there’s one simple factor that, almost automatically, makes Brexit seem less important: the growing gap between supply and demand. Estimates suggest the country is in need of 174,000 new homes to be built every year to balance out the demand. A target, Britain is currently very far from reaching.

If anything, triggering Article 50 was the first step towards certainty after almost nine months of not knowing what will happen next. So whilst the next two years might be a bit of a bumpier ride, filled with hard negotiations and tough decisions, the long-term outlook for Britain’s property market is still one worth taking note of.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT