Amid all the concerns within the UK housing market for the official day of Brexit, one of the most prominent ones is what will happen to house prices after March 29 passes. There are concerns of business owners and others for what will happen with trade and immigration, but house owners have their own set of worries. What will happen to property values and potential new taxes after exiting the EU is anyone’s guess at this time. Experts are actually predicting few changes will take place after the end of March.

To this point the UK housing market has been quite resilient. There have only recently been changes taking place within the market overall. House prices have gone into a stagnant mode, unemployment has reached an exceptionally low level, and wage growth has picked up.

Brexit is now within three and a half months from taking place and house owners are guessing what will happen at the end of March. Some housing experts have predicted house prices will go through a slight slowdown and possibly even a pause mode. Then, in the year 2020, the market will go through a major rebound.

House prices are expected to increase, the number of available properties for sale is expected to increase which will affect demand in a positive way, and overall transactions are forecasted to surge.

Jonathon Stephens, MD of Surrenden Invest commented on the future of the housing market following Brexit, saying: “However, as we approach the 29 March deadline, the market is beginning to respond to the UK’s decision to leave the EU. We’ve already seen indications that prices in London and the South East are beginning to dip, which is likely to continue as buyers finally let their pre-Brexit jitters play out.”