Homebuyers holding out for Brexit

More would-be homebuyers are opting to rent instead whilst they wait for Brexit to produce bargain property prices. A report from OneFamily warned that, as well as deterring young people from buying, existing homeowners are also delaying moving up the ladder. Some are choosing to sell and move back into rented accommodation, gambling on a house price crash before making their next purchase. If prices fall substantially, this strategy could make homeowners tens of thousands of pounds in profit, but they risk losing cash if prices recover.

The Daily Telegraph (11/01/2019)