Data from Zoopla, a property website, suggest that since June the value of the average house has risen a little, to over £300,000 ($383,000). In London it is also up and is now nearing £700,000. The Office for Budget Responsibility (OBR), the fiscal watchdog, recently revised down its forecast for house-price growth in the coming years—but only slightly. The share prices of big construction companies, which crashed the day after the vote, have recovered most of their losses.
With there being a housing shortage and providing the economy holds up then property continues to be a good investment. As it is such a significant investment, always proceed with caution, do your research and get the best property money can buy. Ensure you get the best advice from people who have experience in buying, from lawyers to agents.
