Savoury Traveller

  • Home
  • Auto
  • Business
    • Business Ideas
  • Lifestyle
    • Entertainment
    • Family
    • Shopping
  • Fashion
  • Health
    • Beauty
  • Home Improvement
  • Main
  • Sport
  • Technology News
    • Apps Marketing
    • Digital Marketing
    • Internet Marketing
    • Social Media
    • Web Design
  • Travel
  • Wedding
  • Terms & Conditions
  • Contact Us
Home  /  Main  /  Why British property looks set to rebound once Brexit is agreed

Why British property looks set to rebound once Brexit is agreed

Tommo January 08, 2019 Main Comments are off

Brexit may have put the breaks on buyers making a move in the housing market, but the build-up of demand is expected to burst next year.

Image Credit

Precarious times for the property market

Uncertainty has led to people biding their time rather than buying property, holding off on big decisions when it comes to selling, and big purchases when it comes to finding a new home.

It’s believed that the slowing of the UK housing market over the past two years has been generating a gradually increasing demand that’s being subdued. Once March 2019 comes around for Britain to leave the European Union, this could all come to a head.

Sales have stalled, with the growth rate for 2018 being estimated at 1.6% by Nationwide, making it the lowest growth rate for the past five years. What’s more, the asking price of properties entering the UK housing market, according to Rightmove, rose by only 1% in October, the lowest price growth seen since back in 2010.

A change of pace for 2019

The situation hasn’t been helped greatly by the government Budget. There was an announcement for an extra 1% stamp duty land tax for non-residents buying property, and a helping hand for first-time buyers through the two-year extension on the Help to Buy scheme. First timers are also better off since October’s announcement by Philip Hammond that stamp duty on homes under £500,000 would be subject to no stamp duty through a shared ownership scheme https://thenegotiator.co.uk/budget-2018-hammond-housing/. However, little has been done to address the difficulties and uncertainties faced by buyers looking to sell and purchase property within the UK.

Image Credit

Despite the lacklustre movement within the UK property market, and even its failure to show typical pre-Christmas activity in 2018, the second quarter of 2019 could see things change. Now is the time to consider a move within the market, and conveyancing solicitors Birmingham, such as https://www.samconveyancing.co.uk/Conveyancing-Solicitors/Conveyancing-Solicitors-Birmingham, can help provide a reliable conveyancing quote and support throughout the process.

The narrowing gap between the sale price of current property and purchase price of a new property may provide enough incentive to trigger greater activity by April 2019. It’s anticipated that the pent-up lull of the last year or two will rebound, boosting property sales and purchases once Brexit is agreed.

Previous Article
Next Article

About Author

Tommo

Related Posts

  • Surprising facts about sewers

    February 11, 2021
  • The simple joy of a nice chair.

    February 9, 2021
  • Everything you need to know about stainless steel

    February 9, 2021

Tweets

Recent Posts

  • How to Keep a Mobile Phone Safe From Harm February 25, 2021
  • Części rowerowe i ich ochrona anodowaniem February 19, 2021
  • Do you know what the difference is between a mortgage valuation and a building survey February 11, 2021
  • Surprising facts about sewers February 11, 2021

Popular Posts

  • How to Keep a Mobile Phone Safe From Harm February 25, 2021
  • diet
    Do not consume dairy products? Some alternatives to add calcium to your diet April 2, 2016
  • The mimic hormone affecting our health April 16, 2016
  • Four simple home business ideas for women! April 20, 2016

Random Posts

  • How to Lose Weight after Pregnancy November 27, 2017
  • Clowning Around November 30, 2016
  • Parts of your Home to Focus on When it Comes to Keeping the House Warm December 21, 2020
  • The importance of validation in injection moulding January 2, 2018

Categories

  • Auto
  • Beauty
  • Business
  • Business Ideas
  • Digital Marketing
  • Education
  • Entertainment
  • Family
  • Fashion
  • Foreign Article
  • Health
  • Home Improvement
  • Internet Marketing
  • Lifestyle
  • Main
  • Reviews
  • Social Media
  • Sport
  • Technology News
  • Travel
  • Web Design
  • Wedding

Recent Posts

  • How to Keep a Mobile Phone Safe From Harm
  • Części rowerowe i ich ochrona anodowaniem
  • Do you know what the difference is between a mortgage valuation and a building survey
  • Surprising facts about sewers
  • The simple joy of a nice chair.

Tags

10 Tips to attract visitors affecting a gaming legend and saving tips Blizzard business calcium company configuration customers to your website dairy products deep learning diet Does it matter what processor DSM 6.0 Beta 2 Guide shared printers in the office: installation gym health HP mobile printing depth guide for printing Installation and commissioning Installing and configuring the network printer Internet Marketing IP addressing printers MediaTek mimic hormone mobile devices or remote money Optimize your site Other printing applications HP please register position in major search engines Print from anywhere Saving tips when using network printers Shoulder Pain Silicon society Software and functionalities Specifications and features success Synapse of Activision Tennis Serve Drills The future of mobility through the The living room to the Internet of Things video games Warcraft becomes much more