So far the property market has not been impacted by new Brexit related uncertainty however this may change after summer when the real negotiations start. There will undoubtedly be political posturing and brinkmanship which will affect investor sentiment but this should be short lived given that the direction of travel is well known.
According to Downing Street, the UK still believes it can agree a post-Brexit trade deal with the EU next month which would be crucial for it to be ratified before the UK’s current post-Brexit transition period ended in December.
Failure to reach a deal would mean starting 2021 with yet another headache as the two blocks would be required to trade on WTO terms.
Many believe that this would be manageable but generally it is thought that a deal will be finalised albeit at the eleventh hour.
