Homebuyer confidence low after Brexit

New data from Weroom.com – the flatsharing marketplace, has found that following the EU Referendum on June 23, 2016, 22% of Brits feel they are now less likely to buy, or be able to buy, a property in the UK, suggesting that consumers are worried about the future of the post-Brexit property market.

Related topics:  Property
Warren Lewis
3rd October 2016
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The survey, commissioned by OnePoll with 1000 adults who have flat/house shared after moving out the family home, also revealed that 21% of us are more likely to leave the UK due to the Brexit vote.

With many estate agents predicting market changes to properties in London, two in five (39%) of those polled said they were less likely to move to London following the EU Referendum which could be due to the uncertainty to buy or sell post-Brexit.

Likewise, with many EU Nationals fearful of retaining their rights to live in the UK after Brexit, a third (30%) of those polled expressed concern that their international friends will leave the UK.

Thomas Villeneuve, CEO of Weroom.com, said: “The forthcoming Brexit has left many of us feeling uneasy about the state of the UK property market. In the light on recent predictions that suggest the market will turn upside down, our findings highlight that consumers are concerned about buying a property after Brexit. With many also worried about international friends leaving the UK, it seems that housesharers are anxious about the impact of Brexit on a personal level. Before Britain triggers Article 50, it’s important that a strategic plan is developed to ensure that all potential consequences are set out. That way, if a dip in the market does occur, renters, flatsharers and property owners alike are protected.”

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