This short House of Commons Library briefing paper considers the early impact of the vote to leave the European Union on the UK housing market and house building industry.Jump to full report >>
The UK voted to leave the European Union in a referendum on the 23 June 2016. This decision will have an impact on a wide range of policy areas and industries, including the house building industry.
This Library briefing paper summarises very early indications of the impact of the vote on the UK housing market and house buiding industry. The topics covered include:
The social housing sector has identified an opportunity arising out of the Brexit vote to press for the development of more housing at sub-market rents. The NHF has put an offer to the Government setting out the sector’s readiness to build “through the uncertain times following the vote to leave the EU” and has requested flexibility to invest in a variety of tenures.
The sector is hopeful that the Autumn Statement 2016 will deliver on some of the funding flexibilities requested.
Commons Briefing papers CBP-7666
Authors: Wendy Wilson; Chris Rhodes