Brexit set to weigh on property prices in 2017

January 4, 2017Article by Chelsea Battle

Analysts say rising inflation and bond yields also pose a challenge. As Britain prepares to trigger the process of leaving the EU, industry leaders say there will be no return to the rapid rises in commercial and residential property prices that dominated the UK market in the two years to the end of 2015.But fears of an immediate crash, reflected in the precipitous drop in share prices for housebuilders and real estate investment trusts immediately after the June referendum on EU membership have slowed down.

Housebuilders’ share prices, which slumped 37 per cent in the days after the Brexit vote, are now 15.6 per cent below pre-vote levels; real estate investment trusts, which shed 22 per cent, are now only 10.6 per cent lower.

Brexit set to weigh on property prices in 2017

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