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

2016-09-07 3 Dailymotion

For more information, head over to http://www.fishneedwater.com/areas/london-estate-agents/south-east-london/estate-agents-in-dulwich-se21-se22 <br /> <br />27.2% of East Dulwich Voters voted to leave the EU <br /> <br />But what now for the 10,474 Landlords and Homeowners in the area? <br /> <br />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. <br />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? <br /> <br />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. <br /> <br />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.

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