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Will Boris Johnson break the Brexit deadlock?

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A new prime minister and a clean slate can bring a rejuvenated air of confidence to the UK housing market and while Boris does have a fairly good track record when it comes to housing, he’s probably not the steady hand on the tiller that many would have liked.

He has put his stake in the ground with a number of announcements around the UK housing market but with his plate already rather full, it’s unlikely that any of these will ever come to fruition.

The only reassuring thing is, that despite the absolute spectacle that Brexit has become, the housing market remains resolute and for those with concerns over our new prime minister, you might even go as far to say that it’s Bojo proof.

Mortgage rates will continue to be favourable for those looking to buy, transactions are fairly steady considering, and property values are far from tumbling, so we should see the market strengthen as the year goes on.

Although political uncertainty remains a factor, I don’t think anyone believes we will be leaving in October and whether we do or not, it continues to move further to the back of the minds of UK home sellers and buyers.

 

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Marc von Grundherr

About the Author

Marc has been a director at Benham and Reeves since 2001 and works closely with Managing Director Anita Mehra in the growth of the company in all areas from investments to sales to rentals and tax. You may have seen Marc within the UK and international media on a regular basis where he is now the property expert of choice for multiple news organisations including the BBC, Bloomberg, Reuters, The Times, Telegraph, Financial Times, News UK and more. His analysis in always well-informed and topical and delivered with a professionalism and passion that news producers seem to like. He is never short of an opinion on the property market. Marc is also an experienced panellist and webinar host especially when curating subjects such as property investing and the economics of housing domestically and overseas. He leverages his long-term investor contact-book well and is always happy to provide advice and insight to would be property speculators.

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