Comments on the House Price Results of the Last Six Months
The CEO of the HomeOwners Alliance has released some comments on the data that the Alliance has gathered based on the analysis of what the impact of the EU referendum result has had on the property markets in the different areas of the country.
The results indicated that in most areas of the country that voted the most enthusiastically for Brexit, the value of properties has gone up on the housing market in those particular regions whilst the majority of areas that voted more fervently to remain saw either a slump or a less significant growth in the price values of homes on the property market in those areas.
As these results compiled over the last few months since the historic referendum were revealed, Paula Higgins of the HomeOwners Alliance had some things to say about what those results might show. She intimates that the reasons for this indicate that this has much to do with the confidence factors in the areas predominantly in the North of England that voted to leave. Through the stimulation of confidence in those enthusiastic Leave areas, Higgins suggests that this is the reason for the growth and stimulation of the housing markets in those regions, whilst the uncertainty and panic currently being experienced by many Remainer areas is having a negative impact on the value of their properties.
Of course, Higgins adds that there are a number of other factors that need to be considered and that the feeling of confidence is not a reason for those figures alone, yet it is an important factor to bear in mind over the next few months. Time will tell what the impact of the events that are to take place over the next few weeks (days even, who knows!) will have on the housing market in different regions all over the country as time goes by.
Property & Development Magazine
