The settlement that the UK negotiates with the EU will have a significant bearing on what happens to immigration from EU countries as well to the amount of funds received by the regions for their growth agenda, therefore the impact of Brexit on local housing demand will not be fully understood for some time. Factors include the UK’s standing within the global economy, availability of EU Structural Funding (or alternative), as well as details of the UK Government’s Policy Response, including any limits and measures which may be imposed on the movement of people. Until these points become clear, local authorities and the housebuilding industry must work on the basis of business as usual – particularly given the long standing crisis in the housing market and the housing shortfall that still remains.
