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National property market experts are predicting confidence is returning to the market as post-referendum fears subside. Lucian Cook, head of residential research at Savills said, "After the knee jerk response of buyers and sellers to the Brexit vote, the RICS survey indicates a slowing house price growth rather than anything more dramatic, given less aggressive falls in new buyer inquires than were initially shown.”
Experts predict confidence returning to property market!
National property market experts are predicting confidence is returning to the market as post-referendum fears subside. Lucian Cook, head of residential research at Savills said, "After the knee jerk response of buyers and sellers to the Brexit vote, the RICS survey indicates a slowing house price growth rather than anything more dramatic, given less aggressive falls in new buyer inquires than were initially shown.”
The residential market survey by the Royal Institution of Chartered Surveyors reported that house prices in both the short and long terms would rise, for the first time since April. The rise in Stamp Duty was said to be a big factor in slowing property sales in the summer but the incredibly low cost of borrowing is mitigating the effects of this.
See more here:
http://www.telegraph.co.uk/property/house-prices/confidence-returns-to-the-uks-jittery-post-brexit-housing-market/
