Split opinion on whether Brexit is impacting local markets – says national estate agency survey
March 06, 2017
As the Government debates the intricacies of Britain leaving the European Union, widely
known as ‘Brexit’, local estate agents across the UK are experiencing mixed trends with
regards to its impact so far.
From the responses received, following a recent survey conducted by Relocation Agent
Network amongst its members – including <insert company name> – there was a relatively
even split between agents that have already begun to experience market trends that can be
attributed to Brexit (46%), and those that have not (54%).
When looking at regional differences, the survey found that more respondents from the
South (67%) and South East (65%) had experienced an impact from Brexit, compared with
other regions in the UK. The regions with the least respondents experiencing an impact from
Brexit were those in the East Midlands (12.5%) and Yorkshire (14%).
A similar divide emerged when member respondents were asked if they were expecting
Brexit to impact their local market in the next six months. 58% anticipated that the UK
deciding to leave the EU will have an impact in the first half of the year, with 42% believing it
When it comes to specific trends experienced as a result of Brexit, a quarter of member
respondents reported a decrease in sellers entering the market. Whilst a decline in the
number of prospective home buyers was cited by respondents as the second most
significant trend that may be attributed to Brexit.
Richard Powell from Ryder & Dutton, the member of
Relocation Agent Network for our local area said, “What the Relocation Agent Network
survey tells us is that there are strong regional differences with regards to the impact that
Brexit is having on local markets across the UK.
“Despite the wider implications of Brexit however, we are seeing plenty of motivated buyers
searching for the right property. We encourage sellers to continue with their plans to move,
as springtime is only weeks away and is traditionally a popular time to enter the housing
market, with 2017 being no exception. So contact us today, as Relocation Agent Network’s
appointed Local Expert, we have exclusive access to out of town
buyers moving into the area.”