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Archive for July, 2016

What will happen to the property market post BREXIT?

Friday, July 1st, 2016

It’s the most popular question of the week! Ever since that vote everyone wants to know, will prices go up? Will they do down? Same thing with interest rates will they go up, stay the same or go down?

The honest answer is that I don’t know. Without the aid of a Dr. Who style Tardis, or a crystal ball, frankly no one can predict exactly what is going to happen with property prices and interest rates in the next couple of years as we ease away from Europe.

I can make an educated guess, along with the thousands of other advisers, economists, bankers and media writers. My guess is that in the long term property prices will rise, they always have and I guess they always will.  There are more people in the UK than houses and people need somewhere to live. British people are aspirational and want to own their own home.

As to interest rates they may rise at some point but I believe that bankers and politicians have learned the lessons of the past and my prediction that any such rise would be gradual and not drastic.

What I can talk about is conveyancing and how to find a really good conveyancing solicitor at a really, really good price. With 40 years in the property industry under my belt, 25 of those spent working as a Property lawyer, I can claim expert knowledge in this subject.  To hear more watch us on Property.tv, SKY channel 238. An interview with Sharon Buthlay, director of CMS Ltd airs at 7.30 a.m., 11 a.m., 6 p.m. and 9 p.m.

Sharon Buthlay is the Director of Conveyancing Marketing Services Limited