Industry reacts to vote to leave the EU
The value of the pound as well as shares in the UK’s major house builders are in freefall after the UK voted to leave the European Union. While Prime Minister David Cameron has stated Article 50 of the Lisbon treaty, which starts the two year countdown on leaving, won’t be triggered until at least October, […]
Brexit vote likely to slow housing market
The vote on the UK’s membership of the EU is likely to slow the UK’s housing market as part of a wider slowdown according to experts. Housebuilders have been particularly hard hit with shares in the UK’s two biggest builders Barratt and Persimmon falling by a huge 21% and 24% by 11am. Eddie Goldsmith, Chairman […]
FCI to launch flood reports with new high-resolution 5 metre groundwater data
Future Climate Info (FCI), provider of residential and commercial Environmental and Flood Reports will be the first conveyancing search company to add JBA’s high-resolution 5 metre groundwater flood data to their reports in June 2016. The new groundwater data, which indicates the risk of flooding in every 5 metre square across the country, gives a […]
House prices and transaction levels predicted to fall in response to Brexit
Accountancy firm KPMG have forecast a flat 2016 with a subsequent fall of 5% in 2017 for house prices outside London. Harpal Singh of Broker Conveyancing attempted to put a brave face on the situation. Singh said: “The main fear now is fear itself. If people believe the negative forecasts then we will realise their […]