What does Brexit mean for the long-term property market?

What does Brexit mean for the long-term property market?

Mortgages are currently at historically reasonable rates, with that, cheap mortgages lend themselves to investment in property, as savings rates and pensions tend to do worse. Generally, savings rates and pensions tend to do worse in uncertain conditions so property is the natural outlet and with that, the likelihood is that rates will drop further.

It is cheap enough for buyers to invest in their future so why should they stop with lower interest rates? No reason. At worst, some pockets may temporarily drop or even stabilise. In regards to the long term growing of the population, lack of stock and lack of sufficient new build is eventually going to mean higher prices. This is especially important for people who want to get on to the property ladder, as they should get a foot on the first step, as soon as possible.

True, playing the market is never a sure-fire win, but the market will be much the same. People will always have reasons why they want to sell and want to buy whether it be up-sizing, divorce, having children, there’s always going to be a market for property, nonetheless.

Keep it simple, let’s not talk the market down and it won’t go down.