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Wales Online
Wales Online
National
Sian Filcher

Martin Lewis reveals what Brexit could do to house prices in the UK

Money Saving Expert founder Martin Lewis has revealed what he thinks may happen to house prices as the UK prepares to leave the European Union.

The savings expert was giving advice to viewers on his live ITV show when one audience member asked if his son should buy a house within the next six months.

Martin said that nothing will imminently change at the end of January (ITV)

With a deal likely to pass at the end of the month, Martin Lewis gave his advice on whether to jump on the property ladder or stay put.

Martin said: “I have absolutely no idea and nor does anyone else.

“I think when we say Brexit is imminent, what we have to understand is that assuming we’re going to leave with a deal at the end of January, when we leave nothing changes.

How to save for a mortgage deposit

“We are in a transitional deal with the EU until the end of the year, which means pretty much everything stays the same.

“There may be some sentiment changes, but in practice nothing changes until the end of December.

“What’s going to affect this is what the sentiment is on how good or bad that deal is and whether we’ll have a deal or no deal at the end of December.

“So I think in the next six months, there probably isn’t that much variance.

“Do what is right for your finances, focus on the internal rather than on the wider external economy.”

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