Big slump in buyers

According to Haart, new buyer demand slumped by a massive 46 percent April vs March (which was to be expected to some degree) and house prices may have hit their ceiling based on current asking prices. More significantly is the year on year comparison from the HMRC, which  said that transactions in April were 14.5 per cent lower, which does support a slowdown. Nationwide have just come out this morning saying that house price growth has slowed from 5.7% to 4.9%

I think this could actually be a good opportunity for investors to make the most of any properties that have been sitting on the market for while and try to really knock the price down, especially amid all the uncertainty before June 23rd.

We know the fundamentals are still strong in terms of demand, mortgage rates etc. so over a few months the market should stabilise again and may not offer similar opportunities to negotiate as aggressively.