Natixis fleshes out the Brexit effect on London house prices

In case you want to see the working…

 

 

 

 

No kidding… that’s the formula behind a study looking at the effects of likely economic and Brexit scenarios, including interest rate rises (property price falls of between 5% and 10%), a 20% drop in immigration (a 4% drop in house prices, but possibly offset by a catastrophic collapse in home building as construction work becomes much more expensive), and an 11% fall in the value of Sterling (a 10% drop in house prices by the end of 2019). More detail here.

So… it’s time to embrace Brexit and celebrate property democratisation and affordability in the capital? Let’s see what happens to employment and inflation before ringing the mortgage broker.