Survey: Brits concerned house prices won't recover after Brexit

17th June 2016

Research from Wellesley Finance shows 61% of Britons who think their house price will fall if Britain leaves the EU worry it will take five years or more for the value to recover, with 29% thinking it will take ten years or more. Fears are even higher in London, where 72% think it will take five years or more for the property market to heal. Graham Wellesley, of Wellesley Finance, said: "We believe that the short-term drop in property prices is due to the short-term uncertainty. Prime in central London above £1.5m have seen a slowdown already due to changes in stamp duty and the availability of funding. The property market under £1.5m appears to be stronger".

City AM (14/06/2016)