Maskells Estate Agents

MARKET NEWS FLASH September 2018

Posted on Friday, September 14, 2018

The Governor of the Bank of England maintains that there may be a 35% decrease in house prices if the UK “Brexit’s” with No Deal.  We examine the headline:

Firstly and most importantly the Bank is there to ensure financial stability in the UK so it must examine worst-case scenarios –it does not mean that this will happen but forewarned is forearmed and given the criticism raised over the lack of Brexit planning by the Government, the Governor is wise to ensure his bases are covered.

Secondly, his worst-case forecast is that prices would fall by 35% over 3 years not 35% overnight.

However, the Governor is addressing a real problem ..... 

View our MARKET NEWS FLASH September 2018