We will begin to prosper again
The current uncertainty in the market has caused a drop in sales volumes and an increase in available property. Buyers now have the upper hand and there is more scope for negotiation, so yes, they should buy now if they can. Once Brexit is agreed and as a country, we begin to prosper, house prices will undoubtedly start to increase again, so buying now could prove to be a very wise move.
Property Prices will always increase
very few people truly understand Brexit and what will or won’t happen across all public and private sectors. Having worked through two prior recessions, there has always been one clear outcome, property prices in the UK will always increase. This comes down to the lack of supply and the ever-increasing demand of homes available. Over the next few years, uncertainty is the key feature here, however, with interest rates lower than they have ever been before, pre-Brexit remains to be a good time to sell, buy or upgrade.
Some buyers have lost the meaning of buying a property now. Too many people buy a property for one price because it will be worth a higher price in six months. Over the next five years, we need to go back to buying properties and focusing on the appreciation value. Brexit will be another blip, another reason for prices to come down or balance so to speak, but eventually prices will increase again and when they do another situation or scenario will arise and the entire cycle will start again.
People Still Need a Roof over their Head.
Brexit, No Brexit, No Deal, will be another footnote to history in a decade. We have survived the Oil Crisis, Hyperinflation in the 1970’s, Mass Unemployment in the 1980s, very high Interest Rates of 15% in around 1990s, the Global Financial Crash in 2009, whatever happens, happens. People still need houses and a roof over their head. If property values drop, it is only a paper drop in value because you lose when you sell. Long term, we aren’t building enough homes, and so, property is a long game no matter what happens, the property market will always be positive..