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HOUSE PRICE GROWTH SLOWS TO SIX-YEAR LOWS AMID BREXIT UNCERTAINTY

Over the past 12 months we have been inundated with headlines about Brexit, speculating about the Prime Minister’s decisions, the effects that Brexit will have on the country and the wider economy, and for any Intro Crowd Insights readers, the effect Brexit may come to have on the housing market next year.

According to statistics released last week by the Halifax House Price Index, house price growth in the UK has hit a six year low amid uncertainty surrounding Brexit and the effects it will have on the housing market. The average house price in the UK is now £224,578 down £3,000 from the end of October marking the third monthly drop in the past four months.

Nationwide building society’s chief executive Joe Garner stated in a Telegraph article that “Brexit was partly to blame for holding back investment and dampening activity in the UK housing market”. While Halifax paints a more subdued picture of the housing market than other reports, most indicators are pointing to a subdued market.

Negative as this may sound, it could paint a slightly rosier picture of the market for first time buyers who will be relieved to see prices increasing at a slower pace, potentially giving them hope towards getting a foot on the housing ladder.

While growth is slowing and the average house price may be cheaper, this does not spell an end to the housing crisis in our country. We still need to see an increase in output from house builders in order to combat the current shortage the UK is experiencing, and alongside this, an increase in suitable land sites being identified for development.

At Intro Crowd, we give qualified investors the opportunity to collectively fund the purchase of strategic land sites across the UK through our bespoke online platform. These sites are greenfield in classification and have had no prior development. They are located close to existing settlements and will typically be the next potential logical place for development. They will usually have good road access, and their proximity to local amenities such as public transport, shops and schools mean they are sustainable in nature which in turn is attractive to house builders.

Once fully funded, our experienced planning team will take the sites through the planning process, and if consent is granted will then aim to sell them on to a house builder thereby increasing the provision of suitable land for residential development.

For any further information on anything mentioned in the article above, or to learn more about Intro Crowd and how we work, simply contact us today on +44 (0)20 7118 4040 or email us at incrowd@introcrowd.com

This article is for educational purposes only and does not constitute investment advice. This article does not amount to an invitation or inducement to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction.

In all cases, readers should conduct their own investigation and analysis of the data in the article. Readers are strongly encouraged to seek independent legal and financial advice when considering an investment in strategic land. All statements of opinion and/or belief contained in this article and all views expressed and all projections, forecasts or statements relating to expectations regarding future events represent Intro Crowd’s own assessment and interpretation of information available as at the date of this article.

No responsibility or liability is accepted by Intro Crowd or Sapia Partners LLP for reliance on the contents of this article. Intro Crowd is an Appointed Representative of Sapia Partners LLP, a firm authorised and regulated by the Financial Conduct Authority (FCA)

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