As one would expect, Brexit caused significant changes to the UK property market. The best way to understand and navigate these changes is to understand the post Brexit property market and how its affects could influence your decisions. 

Immediately following Brexit there were property pricing fluctuations, especially noticed in the London area, but the property prices did eventually stabilise when the world realised our country wasn’t going to fall into chaos and despair.

There was also a decline in foreign investors. With rules changing on property investments, who could come to the UK and when, stamp due tax and the dip in the Pound, many investors opted to put their money somewhere a little safer, that they would be able to easily access and where the rules and taxes were a little more settled and straightforward.

Realistically there have been quite a few changes to stamp duty, including temporary reduction to entice buyers to part with their money a buy property. It worked and people went into a bit of a frenzy when this ruling came out, and also just before it ended.

You may have noticed, but since Brexit more and more people have been focusing on buying property in Manchester or Birmingham. Even a lot of Londoners have decided to take the plunge and move. Many people just cant justify the prices in London anymore, when the are surrounded by crime, violence and gang wars.

Then affordable rental market has seen a spike in demand since Brexit. Many people have decided to rent rather than buy, even in Birmingham and Manchester, due to the market unpredictability. There is also serious questions in the air around cladding. With several new apartment blocks in Manchester being told that they now have to fork out for the cost of re-cladding the building between then and being unable to sell their properties until such time that that has been done. Essentially, they are stuck with properties that were supposed to be a stepping stone to a house or their dream home. This seems to be happening all around the country, where big developers are not taking responsibility for the mistakes that have been made.

Commercial property didn’t really seem to take much of a hit during Brexit, and actually the real kicker for this industry was the Covid-19 pandemic, due to the complete uncertainty of the commercial business world, no one was buying and actually a lot of people were trying to sell. Especially large office owners and retail. Everything turned cloud based, with home deliveries and people working from home, both offices and retail took a huge hit from Covid-19 and isn’t looking to recover anytime soon as our way of living has completely changed.



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