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London Bears the Brunt as Brexit Divides U.K. Housing Market

  • ‘Remain’ and ‘Leave’ areas see diverging trends: Haart
  • Prices drop 5.6% in London, outpacing national decline
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Chaplin: Peak of London Commercial Property Was 2014

Brexit is having an uneven impact on the U.K. housing market, with pro-Remain areas such as London taking the brunt of falling confidence, according to estate-agency chain Haart.

Using data on registrations, sales and listing across 20 local branches, it found that regions that supported Britain exiting the European Union have seen more buoyant property-market activity, while areas that voted “Remain” have seen the reverse.