How will Brexit af­fect your prop­erty’s value?

Harefield Gazette - - UXBRIDGE PROPERTY -

ON Thurs­day June 23 the na­tion heads to the polling booths to de­cide whether or not the UK stays part of the Euro­pean Union. It’s been dubbed the Brexit de­bate and both sides of the dis­cus­sion have plenty to say for their dif­fer­ing points of view.

Prime Min­is­ter David Cameron wants us to stay in and the cur­rent Mayor of Lon­don Boris John­son and MP for South Uxbridge & Ruis­lip want us to get out.

But what will the Brexit re­sult mean to the value of your home?

At Gibbs Gille­spie we’ve looked at ar­gu­ments for both the in and the out cam­paigns.We’ve thought about what could hap­pen to the lo­cal prop­erty mar­ket based on both pos­si­ble out­comes.

The truth is no one knows with ab­so­lute cer­tainty.We’re en­ter­ing un­char­tered ter­ri­tory and there are so many ‘ex­perts’ cue­ing up to give their pre­dic­tions that the law of av­er­ages says that many of them will be to­tally wrong.

How­ever, our opinion, based on a lot of re­search, is that it will be busi­ness as usual un­til June 23, then more of the same there­after.

The UK and Lon­don in par­tic­u­lar is seen as a safe, sta­ble and demo­cratic haven for for­eign prop­erty in­vestors at the mo­ment.

It would still be at­trac­tive to them even if the peo­ple de­cided they wanted out of the EU.This con­fi­dence in the UK from out­side in­vestors means re­gard­less of the re­sult big com­pa­nies are un­likely

LO­CAL EX­PERTS:

The team at Gibbs Gille­spie’s High Street branch in Uxbridge have an in-depth knowl­edge of the lo­cal prop­erty mar­ket. to pull money out of the coun­try, or take large num­bers of jobs else­where.

All of this and a lot more be­sides has an ef­fect on the prop­erty mar­ket and plays a part in the value of peo­ple’s homes, es­pe­cially in ar­eas like Mid­dle­sex, Hert­ford­shire and Buck­ing­hamshire which ben­e­fit from the global strength and al­lure of Lon­don.

We don’t ex­pect ei­ther out­come to have any neg­a­tive im­pact on your prop­erty’s value.

So our ad­vice is line with that fa­mous sign from 1939, ‘Keep Calm and Carry On’.

If you have any ques­tions what­so­ever about the cur­rent prop­erty mar­ket or the value of your home please call 01895 272 742 or pop in to see us at 268 High Street, Uxbridge.

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