Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
The residential property sector is not a single entity but a collection of different markets that will likely see different things happening at different speeds in different sectors. UK prime has already seen a cooling of activity over the last 18 months/two years, where the old adage of investors not liking uncertainty has been the story of the day going back as far as four years. Consultation after consultation, and various tax changes, mean that the market has already seen the impact of uncertainty, rising hold costs (in the form of tax) and so too rising transactional costs have precipitated cooling in both the pricing and volume of transactions. Brexit merely joins that list as a new uncertainty.
All that being said, where the currency takes the significant hit that it has, and a proportion of buyers being non-UK (around 80% of prime buyers are UK-based, so it is important not to overstate) will lead to many buyers reassessing the fall in sterling and the softer pricing. There will be those, as with 2009, who take a deep breath and see now as a time for investment. This is unlikely to be a major impact but is worth bearing in mind.
Away from prime, the mainstream market lags behind in the same ways one would expect. Inflation and job concern, concern over interest rate rises (and a possible disconnect between base and mortga
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234