Developers and estate agents upbeat after Brexit
Estate agents and developers in Kent say demand for property remains high following the vote to leave the EU.
The vote has prompted estate agents like haart to insist property remains a sound investment. The company said it is seeing more than 10 buyers chasing every property on the market.
Terry Sterling, branch manager of Maidstone haart, said: “Our new applicant levels remain strong and I would encourage those that are already on the market to hold a strong position and remain confident in achieving a sale for their home.”
The firm’s chief executive Paul Smith said: “The critical shortage of housing in this country won’t change due to a temporary dampening of demand especially with 80% of young renters who remain desperate to get on to the housing ladder.”
Property developer Mark Quinn, managing director of Quinn Estates, said: “I don’t think house prices will fall. They will remain pretty stable.”