With Brexit postponed yet again, here are 5 things that property investors need to know about the London property market now.
Another Brexit postponement is on the horizon.
Last night, for the very first time, the House of Commons voted in favour of the Withdrawal Agreement Bill (the main Brexit legislation), after rejecting PM Boris Johnson’s second attempt to push through his new Brexit deal vote on Monday. However, MPs rejected the Parliamentary timetable to scrutinise the Bill in 3 days. A colossal Bill such as this typically takes weeks to pass Parliament, thus Mr Johnson’s plan to have Brexit done and dusted by 31 October was always a tough ask, to say the least.
The Bill has now been paused and the EU has indicated that its acceptance of the UK’s request for another Brexit delay.