The Brexit property news

So were you an inner or outer?  This morning brings a shock to all of us landlords.  Do we think it's going to bring economic melt down or are you happy with your savings in brick and mortar.  Here are some of the early thoughts on the effect of Brexit on property from the property press:

How will Brexit affect your finances? https://t.co/U6zdgLrL2t

— BBC Business (@BBCBusiness) June 24, 2016

London house prices are heading for a 20% fall https://t.co/vMDyqBWKcp pic.twitter.com/4OGeI7XU3d

— MoneyWeek (@MoneyWeek) June 24, 2016

Property buyers put purchases on hold in wake of Brexit vote - https://t.co/3tEcxwsqkm https://t.co/fefEDBKHFA via @FT

— Judith Evans (@JudithREvans) June 25, 2016

Post EU Referendum implications for UK residential property - initial analysis from Savills research's @LucianCook: https://t.co/gfYAkETYiR

— Savills (@Savills) June 24, 2016

We're following market reactions to the referendum result and what it means for your pocket on our live blog: https://t.co/oMAJ4qWJaP

— This is Money (@thisismoney) June 24, 2016

House price fall could follow Brexit, say experts https://t.co/NR88vqlQHt

— Guardian Money (@guardianmoney) June 24, 2016

UK residential property market set to see short term volatility due to vote to leave EU, full reactionhttps://t.co/4aHsjPZSTZ

— Property Wire (@PropertyWire) June 24, 2016

British Land has seen a huge drop in its share price. Land Securities even largerhttps://t.co/1KO5xm4W52 pic.twitter.com/P4lsdFiyYw

— Estates Gazette (@EstatesGazette) June 24, 2016

How Brexit is prompting experts to warn of house price reverse as sales to plunge up to 20% https://t.co/eTLqSrHrc5

— This is Money (@thisismoney) June 24, 2016

House sales expected to fall 20%
House prices expected to fall 15%
Sterling crash makes UK prices 10% lower for foreign buyers already

— Henry Pryor (@HenryPryor) June 24, 2016

Our response to the #EURefResults: https://t.co/MkwxXeQFI8 #Property #Economy

— Knight Frank (@knightfrank) June 24, 2016

What does #Brexit mean for housing? Follow the debate on our Live Housing blog today https://t.co/i4EVVWRdqc pic.twitter.com/08OQqmoePg

— Inside Housing (@insidehousing) June 24, 2016

Wondering what this means for property? We are live reporting here: https://t.co/1KO5xm4W52

— Estates Gazette (@EstatesGazette) June 24, 2016

Overnight Markets: pound plunges as UK votes 'Leave' https://t.co/PkwuHcfM6Q

— Citywire Money (@CitywireMoney) June 24, 2016

More thoughts on Brexit implications for landlords:

As one landlord helpfully pointed out a positive from Brexit could be the demise of the Energy Performance Certificate (EPC).  A piece of legislation that arrived on our shores as a result of a European Directive aimed at improving the energy efficiency of buildings but in reality saddling landlords with an added expense and a useless piece of paper.  That could go on the bonfire of useless pieces of regulation heaped on us by the EU.

House prices are predicted to fall as a little bit of nervousness enters the housing market.  However, outside London will this really effect us?  Most landlords such as myself see rising house prices as a long-term bonus when they sell.  For most of us it's all about the day to day issues of managing your properties and ensuring that they remain fully rented and generating income.  Brexit will not disrupt the continued high levels of tenant demand and the steady rise in rents as demand for rental property and housing generally outstrips supply.

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