01 Jun 01.06.2016 The Fear of Brexit
01.06.2016 The Fear of Brexit
In light of Brixit event a number of experts predicting a crash in the housing market. The fall could be as much as 7% if the exit campaign prevails. Fitch, one of the largest rating agencies, predict that the fall could be as much as 20% but the fall will be spread over a number of years. The uncertainty around the exist is obviously fueling a lot of speculations. In fact the UK housing market one may argue is already overheated and additional taxation is not helping investors either. The rental prices are so high that they are becoming dangerously disproportionate in relations to the wages. For good or worse, when there is uncertainty there is an opportunity.