Housing market set for a post-Brexit boost

The UK housing market has enjoyed a relatively strong start to 2020 after Boris Johnson’s general election victory ended Brexit uncertainty. 

A lack of clarity over exactly when, or indeed if, the UK will leave the EU has caused much uncertainty in the market ever since the original Brexit vote in June 2016. 

But Johnson's decisive election win in December which saw the Tories secure an 80-seat majority has ended that uncertainty with the UK due to leave Brussels at 11pm tonight 

Property investors have responded quickly to the UK's new political landscape, which partly explains why the demand for property has surged in recent weeks.

Nick Leeming, chairman of Jackson-Stops, commented: “Encouragingly, with Brexit now in touching distance, many of our branches have enjoyed an electric start to 2020, with an uptick in applicants following the majority government win in the December general election. 

“Whilst there are still elements to be ironed out, we expect the certainty provided today from our exit from the EU will continue to boost activity in the UK housing market, as prospective home movers gain confidence in the market.”

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