There is a great deal of panicking going on at present fuelled by the media and the lack of direction and leadership being shown by our politicians. People are scared of change and that fear itself causes most of the volatility we are now seeing in the financial markets. It’s a self-fulfilling phenomenon.
It will no doubt take a while – a few weeks, or maybe longer – for everything to settle down, for people to realise the world isn’t about to end, and things to revert to more normal conditions.
As far as property investing goes – the truth is, no one really knows what’s going to happen to the property market following Brexit.
Uncertainty is, ironically, all that we can be certain of. In the immediate term, this uncertainty may well lead to decelerating house price growth and may cause investors to hold off until things have settled down, but for how long and to what extent remains to be seen.