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Sales of premium class housing fell after Brexit – research

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Sales of premium class housing fell after Brexit – research

Sales of the most expensive homes in London fell by 43% due to the Brexit voting results in favour of Great Britain leaving the EU, Bloomberg reports on Friday citing Lonres research.

The number of primary objects sold in London over the course of 12 working days following the referendum reduced by 43% compared to the similar period last year. The quantity of the premium class housing put up for sale has also sharply decreased – by 25%.

“At a price higher than 1 – 1,5 m pounds sterling (1,3 – 2 m US dollars) you see that there is a lot of offers and that is why in terms of sales the situation is complex”, the agency cites Head of Barratt Developments Plc.

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