UK property market continues to grow 3 months after Brexit.
Analysis of the UK housing market by national estate agent, Jackson-Stops & Staff, reveals that the UK housing market continues to grow.
Jackson-Stops & Staff’s analysis, based on a sample of 500,000 properties for sale in the Uk over the last 3 months, revealed that:
- The number of properties on the UK market increased since Brexit but the proportion sold (subject to contract) has decreased by 2.5%.
- Asking prices of all UK properties for sale is only down by 2% (from £297,508 in mid-June to £291,547 today).
- London asking prices are only down 3% since mid-June.
- Just 7% of properties in London priced above £2 million are under agreed offer.
Nick Leeming, Chairman at Jackson-Stops & Staff, said: “Three months after the UK’s historic vote to leave the EU, the property market remains alive and active. There are more properties on the market today than on the day of the Brexit vote, and there has only been a marginal decline in the number of properties under offer.”