What will happen to the property market if Britain leaves the EU?
Crystal-ball gazing is an uncertain art, but what will happen if Britain decides to make an EU exit?
With the referendum looming, questions are inevitably being raised about what it could mean for the British housing market. What might be the consequences if Britain did vote to leave the EU?
There are so many ifs and buts in the equation that long-term forecasts are more than usually speculative. But as was evident in the pre-election period, when the property market stalled, there is nothing that spooks markets more than uncertainty. As the EU referendum nears, one would expect buyers and sellers alike to keep their powder dry, awaiting developments.
The impact of a Brexit on the property market would depend upon its impact on the economy generally. A survey earlier this year by accountants KPMG found that 66 per cent of real estate experts believed that 'Britain leaving the EU would have a negative impact on inbound cross-border investment'.- See more at: http://www.winkworth.co.uk/articles/what-will-happen-to-the-property-market-if-britain-left-the-eu