UK house prices ‘to drop in 2017’ over Brexit

Irish house prices will continue to increase over the next two years even as UK prices start to slide this year and through 2017 because of the British decision to leave the EU, according to S&P Global ratings.

Projecting home prices for 10 European countries, the major report starkly shows the UK as the only European country where house prices will fall next year.

The ratings firm said that the Brexit fallout will spread to most areas of the UK economy, including its housing market.