Includes: Current state of the housing market, meet our new manager, the CON29DW vs regulated searches and a festive competition.
Here’s an excerpt from our main article – The Brexit effect.
In June, the UK narrowly voted to leave the European Union. Whilst the value of the pound has dropped and the outlook presented in the Chancellor’s autumn statement was bleak, the direct effect on the housing market seems to be minimal. Prices remain high, and there’s little evidence of a decline over the last few months.
There’s no arguing however that there’s fewer housing transactions than a year ago. Nationwide’s figures show that sales are 10% lower than this time last year, something that their chief economist Robert Gardner partly attributes to the changes in stamp duty which came into effect in April:
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