The Thurrock and South Ockendon Property Blog
By Paul Tobias-Gibbins
“I have been asked a number of times recently what a hard Brexit would mean to the South Ockendon property market. To be frank, I have been holding off giving my thoughts, as I did not want to add fuel to the stories being banded around the national press. However, it’s still obviously a topic that South Ockendon and Thurrock property owners are interested in. I am going to try and give you what I consider a fair and unbiased piece on what would happen if a hard Brexit takes place in March 2019.
What’s Actually Happened Since The Brexit Vote?
After the weather and football, the British obsession on the UK property market is without comparison to any other country in the world. I swear The Daily Mail has the state of the country’s property market on its standard weekly rotation of front-page stories! There are of course better economic indexes and statistics to judge the economy (and more importantly) the property market on. In a previous article, I said the number of transactions was just as important, if not more, as a bellwether of the state of the property market.
Worries that the Brexit referendum would lead to a fast crash in South Ockendon (and national) property values were unfounded. Although, the growth of property values in South Ockendon has reduced since the referendum in the summer of 2016.
Now, it’s true the South Ockendon property market is seeing less people sell and move. Property values are also rising at a slower rate in 2018 compared to the heady days of the first half of this decade (2010 to 2015). But before we all start panicking, let’s ask ourselves, what exactly has happened in the last couple of years since the Brexit vote?
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