Doubts over Joining EU could effect Housing Market

EU Referendum

Estate Agents Savills has warned that uncertainty over joining the EU could effect the UK housing market

The uncertainty surrounding EU membership coupled together with the increase in stamp duty could slow down the UK housing estate agent Savills warns.

Savills is the latest company to talk about the impact the EU referendum could have on the property market. Many critics have argued that big firms will be reluctant to lease out offices in London until a decision has been made.

Chief executive, Jeremy Helsby said:

‘We expect the UK residential and commercial investment markets to be subdued, for the former, as stamp duty reforms take effect, and, more generally, in the run-up to the EU referendum in June

Jeremy Helsby

For the full article visit The Guardian



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