Categories
-
Recent Posts
Archives
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- May 2014
- April 2014
- March 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
Monthly Archives: July 2016
Brexit? It’s business as usual for Relocation Agent Network members
It would appear that amongst Relocation Agent Network members, the result of June’s EU Referendum has (so far) had little impact on the UK housing market.
One week after the EU Referendum, Relocation Agent Network surveyed a group of its members to see what trends they were experiencing in each of their local housing markets. The results found that – on the whole – trends were relatively unchanged.
When discussing the direct impact that the Referendum has had so far on the property market, over 90% stated that they had seen no housing transactions fall through as a direct consequence. 75% also noted that buyer enquiries have stayed the same since the result was announced.
When asked whether survey respondents thought residential sales prices will rise over the next 18 months, 83% indicated they will stay the same. Similarly, 75% indicated that transactions in the sales market for the same period, will also stay the same.
It would appear that survey respondents foresee a similar picture for the UK rental market. 66% reported that over the next 18 months, both rental rates and buy-to-let transactions will stay the same.
The survey also asked respondents how long they thought any uncertainty in the UK property market would last. More than 66% think it will be six months, with an additional quarter suggesting 12 months.
So far we have seen Brexit make very little impact on our local property market. Of course, the long term impact it will have is uncertain, but the summer months are traditionally a popular time to enter the housing market and 2016 is no different. If you have a property to sell, contact us today. We’re Relocation Agent Network’s appointed Local Expert for Wellingborough, Irthlingborough and Rushden which means we have access to out of town buyers moving into the area.