Brexit and the effect on the East Dulwich Property Market by Fish Need Water Estate Agents

For more information, head over to http://www.fishneedwater.com/areas/london-estate-agents/south-east-london/estate-agents-in-dulwich-se21-se22

27.2% of East Dulwich Voters voted to leave the EU

But what now for the 10,474 Landlords and Homeowners in the area?

Welcome to our first video of the East Dulwich, Camberwell and Peckham property market report, reports which focus on the various elements of the property market in those locations.
As the dust settles on the Brexit vote, we ask what will be next for the 7064 home owners in East Dulwich, and especially for the 4,652 who have a mortgage?

As the Brexit debate raged, George Osborne suggested that, in the event of a Brexit, property prices would drop by 18%. The method used for calculating such a decrease was perhaps tenuous at best.

The Treasury had estimated a sharp rise in UK interest rates. This, it was assumed, would in turn raise the cost of mortgages, and lower demand for property, causing a drop in property prices. That remains to be seen, once the dust has been allowed to settle over the next few weeks. However, with a two-year time frame to finalise our exit we don’t expect much to change in the short-term.