After analysing data released by the Office for National Statistics and comparing changes in house prices with the referendum results, HomeOwners Alliance discovered an intriguing pattern.
It suggests that there is a ‘Brexit effect’ in place, with market values doing better in locations where the residents voted the strongest to leave the EU.
The five regions which demonstrated the strongest voter support for UK independence from the EU have all seen property prices increase by over 3% compared to June 2016, with the fastest growth taking place in the East of England at 4.25%.
Conversely, the only three regions that voted to stay in the EU have experienced slower growth during the same period.
There is an evident pattern: areas that voted more fervently to leave the EU have seen house prices increase faster over the last six months than areas that were in favour of remaining.
In Scotland, where voters were decidedly pro-remain, prices have gone down by 1.2% over the past six months, while London and Northern Ireland have also experienced slower growth.