What would a “No Deal” Brexit Mean for the Prime Property Sector?

“No deal” Brexit was once talked of as an improbable worst-case scenario. Now, with just a month to go until the deadline for a deal, and seven months until the UK officially leaves the Union, it’s not an unlikely outcome…

The Government recently published a batch of “guidance” intended to help business and organisations prepare for a “no deal” scenario, and navigate an inevitably turbulent aftermath of Brexit proper. This looks, however, like far too little rather too late. Nearly every property professional we’ve spoken to agrees that the Government is not doing enough to help businesses prepare for Brexit, whether that comes in the shape of a complete UK/EU agreement, or with an abrupt move to World Trade Organisation standards. As Lurot Brand’s GM James Robinson puts it: “The government is doing nothing to help us prepare as they have no idea what we should be preparing for.”

Opinions are still running high on the whole leave/remain thing across the country, with anxious scare-mongering and febrile visions of independence holding headlines in equal measure.

So what does the prime resi property industry make of it all? Would a “no deal” Brexit be disastrous for the property market, the economy, and businesses? or are there opportunities to be seized? And is the Government doing enough to help businesses prepare? ………

Brexit has been good for business to date here in Wales
Carol Peett Managing Director West Wales Property Finders
“Brexit has been good for business to date here in Wales with ex-pats buying houses here and moving back from France, Spain & Italy due to perceived problems living there after Brexit. They are buying here in West Wales as it is the closest lifestyle they can find in the UK to the one they have been enjoying in rural France or Italy. Similarly, many ex-pats are investing in property here due to the weak pound, either buy to holiday let, buy to let or just as a holiday home for themselves which they will return to eventually.” ……

https://primeresi.com/what-would-a-no-deal-brexit-mean-for-the-prime-property-sector/ – PrimeResi 3rd September 2018

If you are looking to move to West Wales, or buy a property here in Pembrokeshire, Carmarthenshire, Ceredigion or Gower, give West Wales Property Finders a call on 01834 862816. We can find the perfect property for you whilst saving you time, stress and often money.