Private landlords are saying they may no longer accept EU citizens as tenants if Brexit goes through.

The Residential Landlords Association (RLA) told The Guardian the government’ newly-launched ‘Settled Status’ scheme did not dispel confusion about EU residents’ status.

The RLA warned landlords may prefer turning EU citizens away to risking a fine of up to £5,000 for renting to illegal immigrants.

Only half of the UK’s regions saw their housing markets grow in 2018, compared to three quarters in 2015.

House prices stumbled 1.6 percent nationwide in March. Key mortgage provider Halifax blamed the volatility on Brexit upheaval—although housing markets in the Midlands, Yorkshire and Humberside continue growing.

Nevertheless, the seasonal cycle of increase and stabilisation stands disturbed; property values have decreased since August 2018, confirming surveyors’ predictions for 2019.

Stress-testing the economy in September, the Bank of England estimated house prices could fall by over a third in the event of a no-deal Brexit.

Some housing associations are liquidating hundreds of homes in Greater London due to the capital’s flatlining market.

How will Brexit affect Britain’s housing ecosystem? Will the answer depend on which shape Brexit takes—or is the damage done?


Source: Which?/ONS House Price Index 2019


Credit for this article's header image goes to Getty.