Housing market uncertainty could be lingering rather than short term, following the Leave vote.

The warning came from Savills at a seminar last week on what Brexit means for London’s prime property market.

The seminar was a joint event staged by law firm Boodle Hatfield and Savills, attended by over 100 people.

They heard speakers Amanda O’Keeffe and Sara Maccallum from Boodle Hatfield and Savills’ Lucian Cook and Edward Green.

The seminar explored the impact of Brexit on prime residential property, the day-to-day considerations for buyers and sellers, and the impact on those working in the market.

Delegates were told that in the short term, buyer sentiment will be fragile, with a lot dependent on press headlines. (It’s always good to blame the media.)

The market, said Savills, will be dominated by needs-based buyers and opportunistic investors.

However, with changes in domestic political leadership, questions over when Article 50 will be triggered, and negotiations concerning the UK’s relationship with the EU, that fragile period of uncertainty may well be long lived.

In the longer term, mortgage rate rises could be introduced alongside greater limits on the amounts buyers can borrow.

Savills said there was unlikely to be a deluge in forced sales, but did expect increased pressure on mortgaged buy-to-let investors.

Separately, estate agents Andrews Property Group will be using its weekly ‘#PropertyHour’ discussion on Twitter to answer questions.

First up on Wednesday will be David Westgate, managing director of Andrews letting and management, who will answer questions on how Brexit will impact the letting market for landlords.

The following Wednesday Paul Bumford, financial services director, will be answering questions on mortgages in the post-Brexit world.

Finally, on Wednesday August 3, Chris Chapman, managing director of Andrews’ estate agency business, will wrap up by taking questions on the residential sales market.