Property News · August 25, 2016

Are we on the verge of a crash in house prices? Only the data will tell | Danny Dorling


The long-term effect of the referendum on the housing market is impossible to predict. But there’s no doubt: sales have slowed and prices fallen since the voteThis week, exactly two months after the vote for Brexit, I spent an hour on the property site Zoopla looking at the latest housing sale data available. Anyone can do this at the click of a button. Unlike the rise in stamp duty in April, which was well anticipated, the vote to leave the EU was not. And all markets react most strongly to the unanticipated.Being a geographer, I viewed the data county by county beginning with London, because it is usually in London that changes first happen. You can do the same: put a county name in the search box and click on “market activity in the last three months”. Continue reading…

Source : theguardian.com
Read more…Are we on the verge of a crash in house prices? Only the data will tell | Danny Dorling

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