Reading and Henley-based law firm Blandy & Blandy LLP has not seen a slowdown in the residential property market following June’s Brexit vote. The firm experienced a 7% year-on-year increase in completed residential property transactions between June 1 and August 31, 2016.
Data shared in the most recent UK House Price Index showed an annual price increase of 9.1%, taking the average property value nationally to £232,885. According to the Index, house prices also rose 0.5% in June.
Manisha Bhula, associate solicitor and manager of Blandy & Blandy’s residential property team, commented: “Our clients’ confidence in the UK property market remains high and our growing team remains extremely busy.”
Following the release of data by the Office for National Statistics in September, its chief economist Joe Grice said: “The referendum result appears, so far, not to have had a major effect.”
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