Britain leaving the European Union could be damaging for the Liverpool property market, according to a Merseyside-based housing developer.

Forth Homes development manager Danielle Joyce claims cutting ties with the EU could reduce the demand for new homes in the region and have a negative impact on foreign investment.

She tells Your Move: “If Britain leaves the EU it could have a huge impact on the housing market and construction industry.

“We would expect the population to decrease over years due to changes in immigration, which could lead to less demand in housing resulting in reduced rental values and property prices in the short term.

“However, lack of investment from overseas could pose danger for developers therefore impacting on the construction industry as a whole. If the construction industry slows down due to a lack of funds, in years to come we could see a shortage of skilled tradesmen and new housing stock which could then cause house prices to soar.”

Britain will hold a referendum on 23 June to decide whether the country will remain in the EU. Check out our Europe: In or out? feature for more insight into how Brexit could affect the property market.

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