House prices could nosedive after no-deal Brexit, says KPMG – AuthenticAfrican

Posted on by Richard Partington Economics correspondent

Analysis by accountancy firm suggests nationwide decline of about 6% in 2020

UK house prices could crash by as much as a fifth if Boris Johnson pursues a no-deal Brexit, and the biggest falls would be in London and Northern Ireland, a leading accountancy firm has said.

Reflecting the potentially vulnerable state of the property market as Brexit looms, KPMG said house prices would fall by between 5.4% and 7.5% across different regions next year if a new agreement with Brussels was not in place by 31 October.

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