UK house prices could fall by more than five per cent if Britain crashes out of the EU without an agreement next month, according to research by KPMG, the accountancy firm. The study by KPMG, the latest in a string of warnings surrounding a potential no-deal Brexit, found that such a departure could see house prices fall between 5.4 per cent and 7.5 per cent across UK regions in 2020. A drop of 10 per cent to 20 per cent is “not out of the question” if the market overreacts, it concluded.
UK house prices could fall by more than five per cent if Britain crashes out of the EU without an agreement next month, according to research by KPMG, the accountancy firm. The study by KPMG, the latest in a string of warnings surrounding a potential no-deal Brexit, found that such a departure could see house prices fall between 5.4 per cent and 7.5 per cent across UK regions in 2020. A drop of 10 per cent to 20 per cent is “not out of the question” if the market overreacts, it concluded.
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