{"id":2558,"date":"2017-03-31T05:36:49","date_gmt":"2017-03-31T04:36:49","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2558"},"modified":"2017-03-31T05:36:49","modified_gmt":"2017-03-31T04:36:49","slug":"brexit-big-change-little-impact-countrys-property-market","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/2017\/03\/31\/brexit-big-change-little-impact-countrys-property-market\/","title":{"rendered":"Brexit: A big change with little impact on the country\u2019s property market"},"content":{"rendered":"<p><strong>With the triggering of Article 50 earlier this week, it has finally become official: the UK is leaving the EU. The country\u2019s property market, however, is not set to feel a lot of the change.<\/strong><\/p>\n<p>What Britain\u2019s decision to leave the EU will do to <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/20\/uk-property-markets-current-state-overview\/\" target=\"\" rel=\"noopener\">its property market<\/a> is a question that has been asked frequently. The simplest answer to the question possibly lies in what we\u2019ve already seen, which isn\u2019t a lot.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"LUd0MksteR\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/29\/happy-article-50-day-will-brexit-put-dent-planned-property-purchases\/\">Happy Article-50-Day: Will Brexit put a dent in planned property purchases?<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Happy Article-50-Day: Will Brexit put a dent in planned property purchases?&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/29\/happy-article-50-day-will-brexit-put-dent-planned-property-purchases\/embed\/#?secret=3qR2EvA8a0#?secret=LUd0MksteR\" data-secret=\"LUd0MksteR\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The impact of the Brexit vote last year was hardly noticeable when it comes to the property market. <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/12\/13\/house-prices-continue-rise-despite-brexit\/\" target=\"\" rel=\"noopener\">House prices<\/a> have been rising constantly with only London being an exception to that rule.<\/p>\n<p>So let\u2019s 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.<\/p>\n<p>And the argument that a change to tax regulations adding a rather substantial amount to an already rather large price tag will have a <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/03\/far-prices-london-fall\/\" target=\"\" rel=\"noopener\">bigger impact on an investor\u2019s decision<\/a> 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\u2019s dropping popularity with tax changes rather than political instability.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"JQZ1ojes0G\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/21\/when-brexit-became-reality-british-pound-and-property-after-march-29\/\">When Brexit became reality: British pound and property after March 29<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;When Brexit became reality: British pound and property after March 29&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/21\/when-brexit-became-reality-british-pound-and-property-after-march-29\/embed\/#?secret=kWWmo1N21I#?secret=JQZ1ojes0G\" data-secret=\"JQZ1ojes0G\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><strong>When it comes to the rest of the country, there\u2019s one simple factor that, almost automatically, makes Brexit seem less important: the growing gap between supply and demand.<\/strong> <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/24\/uk-property-174000-new-homes-year-everything-england-needs\/\" target=\"\" rel=\"noopener\">Estimates suggest<\/a> 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 <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/17\/brexit-cost-construction-capacity\/\" target=\"\" rel=\"noopener\">very far from reaching<\/a>.<\/p>\n<p>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\u2019s property market is still one worth taking note of.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the triggering of Article 50 earlier this week, it has finally become official: the UK is leaving the EU. The country\u2019s property market, however, is not set to feel a lot of the change. What Britain\u2019s decision to leave the EU will do to its property market is a question that has been asked<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-us\/2017\/03\/31\/brexit-big-change-little-impact-countrys-property-market\/\" title=\"ReadBrexit: A big change with little impact on the country\u2019s property market\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[59,6],"tags":[105,37],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/2558"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=2558"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/2558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4425"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=2558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=2558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=2558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}