Brexit hits prices and turnover in UK housing market

The UK’s vote to leave the EU will have a negative impact on prices and turnover in the UK housing market, with foreign investors set to benefit most from bargains among sterling-priced assets, a Reuters poll has found.

However, British house prices — a bedrock of consumer wealth — will still rise 2.8% this year, by 1.3% next and 2.4% in 2018, according to the poll of 24 economists, estate agents and brokers taken in the past week.

London prices will be up 2% this year, not rise at all next year and then rise 2% in 2018.