The Queen’s speech included the announcement of a bill paving the way for an in-out referendum on the UK’s membership of the EU. The Queen said the government would “renegotiate the UK’s relationship with the EU”.
British Property Federation head Melanie Leech said the prospect would “bring a lot of uncertainty” to the market.
The leave campaign won the referendum with 51.9% of the votes and, after a huge struggle both at home and abroad, the UK left the EU in January 2020.
The fallout from Brexit continues, but its impact has been muddled by the pandemic.