Life just doesn’t get any easier for Theresa May. No sooner had her Brexit withdrawal plan been rejected by a record-breaking margin than her government faced a no-confidence vote. The PM survived – albeit by a slim majority.
The one thing almost everyone can agree is that the on-going uncertainty surrounding the UK’s departure from the EU is bad news. And with Westminster seemingly at loggerheads with both itself and Brussels, the prospect of a no-deal – a scenario originally touted as a last resort – is looking increasing likely.
Naturally, this means that landlords and property investors are keeping a watchful eye on political developments; some might be keen to buy more properties, others to sell, but for the time being many are adopting a ‘wait and see’ attitude. But for those not content with waiting for Brexit come and go, we can look to past trends to offer some valuable insight into how we can expect the market to respond to the challenges it will face in the coming 12 months.