FTB: What impact will latest Brexit / May situation have on London and SE property market?

[another20]

Helping a young relative get on the ladder - should they hold off until after Oct?

I would say there is certainly no rush especially if they are buying a flat / apartment.

Interesting about flats as I had spoken with an EA couple of weeks ago (pre May resignation) and they said that they were inundated with overpriced flats that BTL LL were desperate to shift - no other LLs wanting to take them on - but FTBs
are now trying to skip the flat step and get straight to a house trying to avoid too many moves (double SDLT). Also the annual service charge of these flats were shocking to me £6k year basic !

Unless it's a posh place in central London, people are unlikely to want somewhere with a 6k service charge.

I don't know about Brexit but the market is generally slowing down and prices are dropping in many places. Having said that, recently a friend was looking for a very cheap flat in London and it was a nightmare. The most affordable properties are in high demand. If someone is looking to buy a more expensive flat (say 500k+), then they might even benefit from waiting a bit or putting cheeky offers in.