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Why property prices have plunged since Brexit vote

Relevance: 100%      Posted on: 5th July 2016

Why property prices have plunged since Brexit vote

Since the announcement that Britain has voted to leave the EU, the threat of recession is rippling through every industry in one way or another, having a severe impact on hundreds of thousands (if not, millions) of businesses. House builders especially are experiencing disastrous loss, with the prices of properties crashing to as much as 40 per cent of their pre-Brexit value. What was previously regarded as strong stock-value is now at an all-time low due to the possible threat of another UK recession. According to Reuters, approximately £8 billion has been slashed from the UK’s four biggest house-builders, Barratt…