Software supplier Dezrez has conducted a survey of 132 estate agency customers to understand their views on the immediate and future impact of Brexit.

The survey was carried out last Friday, a week after the outcome of the referendum was known.

While 54% of estate agents said it was too early to have, or believe they don’t need, a Brexit strategy, 16% did have a strategy in place and 13% were working on it.

Although a small sample, the results were interesting, with almost four in ten agents believing that the Leave vote will have no long-term impact on their businesses, the same proportion being unsure, and one in five believing there will be a change in the market affecting their business.

• A week after the Leave vote was made known, 42% of respondents believed that Brexit had already had a negative impact on their business. One agency stated that following the news, 10% of its sales fell through and valuations were reduced by 40%.
• A third (33%) of those surveyed predicted that there will be between 5%-20% less stock to market and suggested that home owners may see the value of their property drop by 5% to 15%. Fewer than 10% of respondents estimated property values tumbling by 20%-50% of their current market value.
• 52% of estate agents expected vendors or buyers to pull out of sales, or for vendors to take their houses off the market.
• 5% reported a lift in activity and 53% had seen no effect to date.
• Over a third of estate agents (37%) believe leaving the EU will not have a long-term impact on their business, the remainder were either unsure (37%) or anticipated a change in the market and their business model (22%).