Britain’s Housing Market Is Not Responding Well to Brexit: Chart

Brexit Undermines Near-Term U.K. Housing Outlook

The near-term outlook for U.K. house prices is at the weakest in three years, and transactions and new buyer interest have dropped to levels not seen since the financial crisis in 2008, according to the Royal Institution of Chartered Surveyors. While there’s always a multitude of factors affecting housing, RICS says two -- the April change in home-purchase taxes and the June vote to quit the European Union -- are “contributing to the current mood in the market.” And that mood doesn’t look good right now.

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