Moody's ratings agency has reported that houses would be more affordable for first-time buyers - who are currently priced out of the market - if the UK votes to leave the EU. The agency said that house prices would drop and rental inflation would slow following Brexit's impact on immigration. The agency said that should a vote to leave the EU have a bigger negative impact on the UK economy than it is expecting, mortgage arrears would increase among self employed borrowers. The IMF and estate agents have also said that a vote to leave the EU could result in a sharp drop in house prices. But there is no evidence so far that Brexit will lead to an increase in home ownership or lower rents.
Moody's ratings agency has reported that houses would be more affordable for first-time buyers - who are currently priced out of the market - if the UK votes to leave the EU. The agency said that house prices would drop and rental inflation would slow following Brexit's impact on immigration. The IMF and estate agents have also said that a vote to leave the EU could result in a sharp drop in house prices. But there is no evidence so far that Brexit will lead to an increase in home ownership or lower rents.