Will Brexit Impact Interior Design?

As the uncertainty around Brexit continues, people of all walks of life are exploring the threats and opportunities that leaving the EU will bring.

Those of us that love interior design and restyling our homes would certainly like an idea of what kind of impact Brexit might have on our shopping and styling habits.

Of course there are no firm predictions about what Brexit will mean, but here’s a summary of what’s being said…

Property uncertainty

In the worst case Brexit scenarios, property prices are expected to fall. That’s never good news for homeowners, but for the millions who’ve yet to get on the property ladder, it could bring new opportunities.

Lower prices can often tempt amateur developers into the market, who take on a property that needs a lot of work and transform it into a dream home, adding tens of thousands in value.

In an uncertain market this can be a risky business, but many people have made good money this way. It’s amazing what a modern new kitchen or a stylish bathroom and luxury shower can do!

Price rises post Brexit

Another potential consequence of Brexit is that the value of the pound could fall, which could make buying things more expensive, particularly items that come to the UK from Europe and beyond.

If you’re looking to make some changes to your home, it could make sense to get it done soon.  Don’t wait until the 31 October to buy high value furnishings, for example.

On the flip side, currency fluctuations could be a boost for British designers and manufacturers, as people seek to get the best value on new products for the home.

Brexit as a creativity booster

Of course, there’s also the chance that not much will change after Brexit, depending on the conditions on which we do finally leave… if we do at all!

It’s always wise to prepare for the worst and hope for the best. As we have seen many times before, challenging times can drive creativity and innovation. After all, there are lots of ways to restyle your home on a budget, by embracing new ways to save money and thinking differently.

That might mean adopting a more DIY approach, bringing in some home-made chic, or being a little more minimalist in your style.

Whatever happens, there will always be new style trends to suit every situation, and we’ll be the first to report on them.