According to a Reuters poll of housing experts, a majority of the respondents believe that the house prices in both the UK and London are likely to take a hit, in the event of a no-deal Brexit outcome. Key Findings: “Roughly 85% of respondents said both UK and London house prices would fall in the six months if the UK leaves the EU without a Brexit deal, with average prices slipping about 3% nationally and as much as 10% in London. But if Britain departs the EU with a transition deal – the scheduled leave date is Oct. 31 – house prices are due a mild 1.5% lift over the following two quarters. They would rise 1.4% in the capital. Results from the Aug. 13-20 survey show an otherwise tepid outlook for national price rises in coming years. The survey also indicates in the near-term at least that housing, the bedrock of British household wealth, is not likely to give a lift to the economy, which contracted for the first time in 6-1/2 years in the second quarter. Average UK house prices are forecast to rise 1.0% this year, 1.8% next and 2.7% in 2021, little changed from 1.2%, 2.0% and 2.5% in a survey taken in May.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI remains firm on API inventory data, rising geopolitical tension FX Street 4 years According to a Reuters poll of housing experts, a majority of the respondents believe that the house prices in both the UK and London are likely to take a hit, in the event of a no-deal Brexit outcome. Key Findings: "Roughly 85% of respondents said both UK and London house prices would fall in the six months if the UK leaves the EU without a Brexit deal, with average prices slipping about 3% nationally and as much as 10% in London. But if Britain departs the EU with a transition deal - the scheduled leave date is Oct. 31 -… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
