Important reason why you must not buy a property before this time #Property ...

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Buying or selling a house is not something people will go into lightly and knowing the right time to do this could be very important. With the country facing lots of uncertainty, it is no surprise the housing market has also been changing. Although no one knows exactly what will happen to property in the UK, waiting until a certain time could give potential buyers some certainty. Britons could benefit from great certainty in the housing market if they wait until after Brexit, an expert told Express.co.uk.

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We are confident that stability will return to the market once a Brexit decision has been made.

Property expert

If hoping to grab a bargain, some homeowners will be waiting until a Brexit decision is made, according to Christopher May Residential People co-founder and director.

He said: “As the October 31st deadline looms large, we at Residential People believe that many potential homebuyers will be actively looking at the market in an attempt to snag a deal.

“According to the latest Halifax House Price Index, house prices on average across the UK have shown slow growth in recent months, with the figures even showing a 0.2 per cent fall in July.”

Those looking for stability before purchasing a property could benefit from holding off until after the Brexit deadline in order to know exactly what is happening.

“We believe that while overall house prices will continue to fall marginally, we are confident that stability will return to the market once a Brexit decision has been made,” Christopher added.

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