Impact of Brexit on the United Kingdom's housing market
Syromiatnikova, Sofia (2017)
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This thesis aims to analyse the changes of the real estate market in the United Kingdom and trace and identify the factors that would trigger a price change. The dissertation investigates the possible change in value of housing caused by Brexit, which is a specific group of investment assets and a major component of household wealth for the UK. Understanding the nature and degree of change of housing prices will make market participants aware of the size of their risk exposure and can help them to detect early signals of the possibility of investment opportunities or threats. Policy-makers can use the current dissertation’s information as an information sheet about the underlying valuation drivers of the house prices to stabilize the market. This thesis proposes a comprehensive analysis of the possible influences. This dissertation also contributes to literature and wider academic community both methodologically and empirically. The rationale is that in general the price will not be affected by the majority of the structural change that are imposed by the new legislation. The main areas affected would be planning, immigration, infrastructure and the regulation.