Oct
2

Possible consequences of a no-deal Brexit

Bank of England Governor, Mark Carney, warns that leaving the EU without a deal could be as severe as the 2008 financial crisis with house prices falling by 35%. In this article from Zoopla, they report on a briefing by Mark Carney to senior cabinet ministers, where he outlined the worst-case scenario. A house price fall of that magnitude would have a significant impact on the market, plunging many homeowners into negative equity and cause a shortage of properties for sale, as less people will sell to trade up the property ladder