According to a recent report from Which?, the Consumers’ Association,
SHOCK result for some, the desired result for the majority, and certainly a period of uncertainty for the economy, but is Brexit a reason to delay your move?
“I strongly believe that in six months, if not before, we’ll be looking back and wondering what the fuss was all about,” commented Peter Kavanagh, managing director at Romans.“The reasons you need to move now or in the future are very unlikely to have changed.”
In the UK, and the South East in particular, domestic buyers drive the market and their motivations to move will not have been affected by Brexit. Babies are still being born, couples are still marrying and divorcing, people still need to upsize, downsize and relocate.
“Understandably, buyers who don’t have an immediate reason to move may sit back for a few weeks and see what, if anything, happens. However, most of our customers have real reasons to move sooner rather than later, and don’t want to lose their dream home or delay their move because of a bit of uncertainty,” said Peter.
The local marketplace is still very robust and people are continuing to buy, sell, let and rent. In fact, Romans New Homes had one of their most successful weekends of the year following the EU referendum results, with over £6 million pounds worth of property being sold!
Furthermore, of 900 property sales agreed with Romans, only 20 were cancelled during the week post-Brexit. This is only marginally more than can be expected during a normal period.