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What impact will ‘Brexit’ have on the UK housing market? John Ozwell, Chairman of Hunters, comments…….

There shouldn’t really be any strong affect one way or another regarding the housing market since everyone knows there is a shortage of supply in housing with many families wanting to move. I am hopeful therefore that it should be business as usual in the housing market when the initial period of uncertainty has subsided.

Our economy is set to continue with low interest rates for the next few years and the Governor of the Bank of England has announced this morning that our banks are in a far healthier situation now than they were before the 2008 crash and so we should have continuing stability with low interest rates and our banks’ finances in good shape.

Whatever your view, I believe that the medium to long term prospects in the UK housing market are extremely good and the demand for more new homes to be built should help increase housing stock.

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