Treasury predicts that Brexit could lead to 18% fall in house prices

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A report to be released this week by the Treasury will warn that Brexit could lead to a series of economic shocks that would have an impact on housing, employment and wages. Speaking at the G7 summit of finance ministers in Sendai, north Japan, Chancellor George Osborne, stated that there would be a hit to the value of people’s homes of at least 10% and up to 18%. Supporters of Britain leaving the EU argue that a reduction in house prices would be good for those struggling to get on to the housing ladder, and that lower levels of immigration over the longer term would reduce demand for property, making house buying easier.

 

Full story available from BBC News: http://www.bbc.co.uk/news/business-36344423

 

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