In 2018 , the Brexit saw 2.3% fall in property transactions, with 374 out of 374 local authority areas seeing no rise in sales. Stevenage was hit the worst, with a 4.9% fall in sales, with Newcastle -under- Lyme and Cambridge also suffering. Low mortgage rates and schemes such as Help to Buy did little to allay the slump, according to Land Registry data, with sales falling in 27.5% of markets by an average of 4.9% . The number of properties sold to first-time buyers remained at 23 per cent in November for the second month running, increasing from 20 per cent in August and 22 per cent in September. The market slowdown was attributed in part to a housing stock shortage, and to uncertainty ahead of Cambridge causing house hunters to hold off.
In 2018 , the Brexit saw 2.3% fall in property transactions, with 374 out of 374 local authority areas seeing no rise in sales. Stevenage was hit the worst, with a 4.9% fall in sales, with Newcastle -under- Lyme and Cambridge also suffering. Low mortgage rates and schemes such as Help to Buy did little to allay the slump, according to Land Registry data, with sales falling in 27.5% of markets by an average of 4.9% . The market slowdown was attributed in part to a housing stock shortage, and to uncertainty ahead of Cambridge causing house hunters to hold off.