Will building get more expensive with Brexit/Recession?

[Dustballs]

We're trying to decide whether to move or stay/extend.

Any extension would not make loads more space as it's a very tight terrace that we live in.

We've always thought it would be cheaper to extend than move and are waiting for plans to go through now. But I'm wondering whether Brexit and this Recession is going to cause inflation ... and rises in building costs.

Does anyone know?

Wait let me check my crystal ball

Tbh no one knows for certain. The forecast isn’t great. Atm would you be in time for the stamp duty holiday? That might help...

Yes, it's already happening, Howdens building supplies are more expensive thank they were a month ago.

In a recession it will be cheaper if anything : glut of tradesmen with no work will force prices down.
Or the opposite :D

Brexit, no effect.

@FurierTransform

In a recession it will be cheaper if anything : glut of tradesmen with no work will force prices down. Or the opposite :D

Brexit, no effect.

I would expect a no deal brexit would have an impact as a lot of materials will come from the EU and will have tariffs on them that they don't have currently. A lot of construction workers are also from the EU.

According to this: A large proportion of the UK’s construction workforce and building materials are sourced from the EU, which could leave yawning gaps in contractors’ capacity to deliver projects

I should have thought costs will increase due to Brexit - we'll lose a lot of skilled workers, and without free movement of goods materials will probably go up in price.

I agree that its already happening, particularly in respect of labour. I think good builders are inundated with work - people wanting extra space (WFH), realising through lockdown that they wanted to change something etc. And of course, just not being able to afford to move. They don't therefore have to be competitive in pricing. We've already got plans in place, got quotes about 2 months ago and none of the 3 builders who quoted (all come recommended) can start before summer 2021.

We're having a place converted atm and builders are already telling me they're having issues and delays getting usual basic supplies. I am expecting their costs to go up.

Every tradesmen I know is swamped. Prices will go up as they tend to in the new year anyway. Not sure Brexit makes any difference.

@Pipandmum Brexit is likely to make a difference depending on the terms of any deal. There are reports that the new USA election Result may impact trade deals too, as Trump seemed to like Boris and was likely to offer a favourable deal. It’s unclear what will happen now. Biden and Obama were openly opposed to Brexit...

As @OchonAgusOchonO said above.

“ I would expect a no deal brexit would have an impact as a lot of materials will come from the EU and will have tariffs on them that they don't have currently. A lot of construction workers are also from the EU.

According to this: A large proportion of the UK’s construction workforce and building materials are sourced from the EU, which could leave yawning gaps in contractors’ capacity to deliver projects”

I'm expecting it to go up because of Brexit it might mean I can't afford it if it goes up by 20%.

Food pricing is already increasing substantially (due to Brexit - my bf is in supermarket procurement).

Thanks everyone who voted leave