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TODAY'S OTHER NEWS

Another day, another two Brexit housing market surveys...

Surveys claiming to show the housing market’s reaction to Brexit continue to be released - there are two new ones this morning. 

Firstly the agency comparison site Netanagent says some 34 per cent of homeowners believe their property will lose value as a result of Brexit while 46 per cent think the value will stay the same or increase.

Of those homeowners who had planned to sell property over the coming months, only six per cent are considering putting their plans on hold and only three per cent who already have property on the market are considering removing their listing following the referendum result.

Meanwhile LSL Property Services says Brexit uncertainty continues with house price growth slowing to 5.5 per cent in July, and transactions in the three months to the end of June being 20 per cent down on the figure for the same quarter of last year - however, most of this period was before the Brexit vote was held.

However, LSL says transactions levels and prices continue to edge up with the East of England being the best performing region in England and Wales with 9.3 per cent annual growth.

“Brexit may well have an impact on the housing market, but it’s not showing yet. Even when it does, there will be positive as well as negative influences on the market, which clearly has some strong long-term drivers for continued house price inflation” says LSL’s Adrian Gill.

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