Opin­ions are di­vided over ef­fects of Brexit

Macclesfield Express - - SPORT -

AS the gov­ern­ment de­bates the in­tri­ca­cies of Bri­tain leav­ing the Euro­pean Union, 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 among its mem­bers, there was a rel­a­tively even split be­tween agents that have al­ready be­gun to ex­pe­ri­ence mar­ket trends that can be at­trib­uted to Brexit (46 per cent), and those that have not (54 per cent).

When look­ing at re­gional dif­fer­ences, the sur­vey found that more re­spon­dents from the south (67 per cent) and south east (65 per cent) 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 per cent) and York­shire (14 per cent).

A sim­i­lar di­vide emerged when mem­ber re­spon­dents were asked if they were ex­pect­ing Brexit to im­pact their lo­cal mar­ket in the next six months.

Over half an­tic­i­pated that the UK de­cid­ing to leave the EU will have an im­pact in the first half of the year, with 42 per cent be­liev­ing it will not.

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.

While 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.

Will Prescott from Holden and Prescott, the mem­ber of Re­lo­ca­tion Agent Net­work in Mac­cles­field, 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.

“In Mac­cles­field, we’re cur­rently see­ing a wide num­ber of buy­ers in all price ranges reg­is­ter­ing with our of­fice and yet the amount of avail­able prop­erty is lower than nor­mal for this time of year.

“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; spring time is only weeks away and is tra­di­tion­ally a pop­u­lar time to en­ter the hous­ing mar­ket, with 2017 be­ing no ex­cep­tion.”

‘We are see­ing a wide num­ber of buy­ers in all price ranges’

Will Prescott

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