A lot has changed since our previous Analyst. Distortions relating to the stamp duty surcharge alongside a weakening economic backdrop kicked the housing market into a lower gear earlier in Q2. And the referendum result has added to that downward momentum. But if we’re right about the economic effects of the Brexit vote being milder than consensus, the market should start to recover in 2017 and 2018, as economic growth and confidence return.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services