House extension and House renovation projects decreased because of Brexit
The groundbreaking decision to leave the European Union has not only caused shockwaves throughout the world, but it has also resulted in a great degree of uncertainty, most notably in the housing market. While it's obvious that the post-Brexit era is clouded in unpredictability, much of the negative forecasting from remain voters has so far proved to be rather overzealous. Yes, the pound did fall to its lowest rate for over 30 years within 24 hours of the historic referendum result, but it has been slowly stabilising ever since. Investor confidence has increased, resulting in a 16% increase in the FTSE 100, while consumers' confidence has remained virtually the same. Experts predicted a huge crash in house prices, but while there were some mild repercussions, things have generally picked up since the aftermath. By and large, it has been business as usual. The real effects of Brexit will only truly emerge once Theresa May triggers Article 50. The ensuing two-year ...