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UK Home Buyers Continue to Surprise the Experts and Overlook Brexit

UK Home Buyers Continue to Surprise the Experts and Overlook Brexit

Experts have been at odds lately. It seems that just as easily that one predicts a particular outcome with the housing market another predicts the complete opposite. Much of the back and forth and unpredictability is that no one is quite sure how consumers or the market will react with Brexit looming over the horizon.

Such an unprecedented situation puts every prediction at odds with another. That continues to be the case with the housing market. When some experts believed the housing market would tumble because home buyers would exit in large numbers and wait out the situation until they could be more sure of the outcome, they stayed.

Home buyers took advantage of low interest rates and assertive home sellers to climb their way onto the property ladder. It did not matter what experts predicted, it did not matter that Brexit was near or postponed or expected to cause issues, it did matter that home buyers had a unique opportunity in which to benefit and become homeowners.

While the housing market in London has been impacted, it might not be all due to Brexit. Prices in London had grown considerably and did so all through the financial crisis. Perhaps, believe some experts, it is a natural correction occurring in the capital’s market for outside of it there are robust housing markets with active buyers eager to invest in property.

It doesn’t appear that anything will change soon. The summer season usually brings a boost to the market and according to reports from estate agents there is strong activity among home shoppers. How much of a boost and what the market will do as Brexit draws nearer is unknown. There will be forecasts, predictions, and speculation, but as has been shown, the UK home buyer is working on their own timetable and while there are opportunities to be discovered they will surely take advantage of them.

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