Property Prices After Brexit: The Complete Guide (2020)

The Brexit timeline – what has happened so far?

There is no denying that Brexit and the negotiations that go with it have been a long and arduous process. Before you think about what will happen to property prices after Brexit, you should refresh your memory of the main Brexit events of the past five years. Here's a Brexit timeline that reminds you of what's happened so far.

United Kingdom and Gibraltar European Union membership referendum timeline

February 22, 2016

The date for the vote on the EU referendum has been announced

In February 2016, David Cameron announced that Britain would vote in an EU referendum on June 23 and that the Brexit campaign would officially start.

United Kingdom and Gibraltar European Union membership referendum timeline

June 23, 2016

Great Britain votes to leave the EU

In June 2016, the UK voted to leave the EU, with the vacation campaign winning by 51.9% to 48.1%. David Cameron announced his resignation as Prime Minister the following day. In the month after the Brexit vote, UK house prices fell 1%, which was a bad sign of the Brexit effect on house prices, but a much less drastic drop than initially expected.

United Kingdom and Gibraltar European Union membership referendum timeline

July 13, 2016

Theresa May announced as Prime Minister

Less than a month after the Brexit vote, Theresa May was appointed new prime minister after winning the Conservative Party leadership competition by default.

United Kingdom and Gibraltar European Union membership referendum timeline

March 29, 2017

May triggered Article 50 of the Lisbon Treaty

On March 29, 2017, Theresa May triggered Article 50 of the Lisbon Treaty and initiated Brexit with two years' notice.

United Kingdom and Gibraltar European Union membership referendum timeline

April 18, 2017

Theresa May announced plans for an early general election

Theresa May called early parliamentary elections to strengthen her authority both in the House of Commons and in public. This started an election campaign between Conservatives, Labor, SNP, Lib Dems, DUP and Sinn Féin.

United Kingdom and Gibraltar European Union membership referendum timeline

June 8, 2017

The general election saw could lose the majority and make a deal with the DUP

In the final outcome of the 2017 general election, no seats won the majority, and the Conservatives lost seats to Labor and the Lib Dems in England and Wales. As a result, Theresa May was forced to make a deal with the DUP to stay in power.

United Kingdom and Gibraltar European Union membership referendum timeline

January 15, 2019

Draft redemption contract of May rejected

In January 2019, the UK Parliament voted whether or not to accept Theresa May's cancellation agreement. This deal was rejected with only 202 votes in favor and 432 against.

United Kingdom and Gibraltar European Union membership referendum timeline

March 13, 2019

MPs say no to a no-deal Brexit

Parliament voted in favor of a proposal to prevent Britain from leaving the EU without an agreement, although the outcome of this vote was not legally binding.

United Kingdom and Gibraltar European Union membership referendum timeline

April 10, 2019

Deadline postponed to October 31

Despite the goal of leaving the EU on March 29th of this year, a new Brexit deadline of October 31st has been announced because Theresa May's rejection agreement has been rejected three times.

United Kingdom and Gibraltar European Union membership referendum timeline

May 24, 2019

Theresa May resigns as PM

On May 24, 2019, Theresa May announced that she would step down as Prime Minister. On July 24, May went to Buckingham Palace to explain the queen's resignation.

United Kingdom and Gibraltar European Union membership referendum timeline

July 24, 2019

Boris Johnson New PM

Boris Johnson is appointed the new leader of the conservative party that is now leading the Brexit campaign.

United Kingdom and Gibraltar European Union membership referendum timeline

October 29, 2019

The British Parliament approves the general election

In a similar twist as in the 2017 elections, Boris Johnson is calling for another early parliamentary election. Parliament agreed, and a new election campaign was launched before the December elections.

United Kingdom and Gibraltar European Union membership referendum timeline

December 12, 2019

Boris wins the majority

Boris Johnson won the 2019 general election with a comfortable majority of 365 seats. This has revitalized the nation's confidence in the UK government and Brexit as a whole, causing experts to predict that housing prices will remain stable after Brexit.

United Kingdom and Gibraltar European Union membership referendum timeline

January 9, 2020

MPs support Bill Withdrawal Agreement

The Commons voted 330 to 231 for Boris Johnson's withdrawal agreement bill – the bill implementing the Brexit agreement.

United Kingdom and Gibraltar European Union membership referendum timeline

January 31, 2020

Departure

The United Kingdom left the EU on January 31, 2020 at 11 p.m. The country has now reached the Brexit transition period before any agreements between the EU and the United Kingdom are reached by the end of the year.





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