INTERNATIONAL: ‘I’m selling now to beat Brexit house price crash’: should homeowners gamble on a property market slump?

PHOTO: Some homeowners are moving back into rented accommodation and gambling on a price fall this year CREDIT: HEATHCLIFF O’MALLEY

A growing number of would-be homebuyers are choosing to rent while waiting for Britain’s exit from the EU to produce bargain property prices.

This week a report published by OneFamily, a mortgage and investment provider, warned that as many as 136,000 first-time buyers are holding off because they are unsure what impact Brexit will have on the property market. As well as deterring young people from buying, existing homeowners are also delaying moving up the ladder.

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