Home movers are putting their plans on hold until after the EU referendum in June.
The claim comes from removals firm Bishop’s Move.
It says that in a poll of 1,000 people across the UK, a number of buyers and sellers in every region say they will wait until after June 23.
Londoners are the most determined to await the referendum result, with 47% saying they will wait until after June 23 to buy or sell.
Only 20% said the referendum would make no difference to their plans.
In other regions, between 11% and 15% of home movers are deferring their plans.
Chris Marshall, sales and marketing director at Bishop’s Move, said: “It’s actually a very similar situation we found in Scotland during its 2014 independence referendum.
“Significant policy decisions can severely impact the UK housing market and our own research last year also found almost a quarter of those looking to buy and sell a property delayed their move by 1-4 months in order to wait for the outcome of the general election.
“However, whilst these results point to a slowdown in the build-up to June, we fully anticipate business to resume as usual, particularly when the school holidays arrive and everyone wants to get their moves completed during the break.”
* Is EYE going to take an editorial position on the Brexit poll?
The short answer is – no.
Our readers are perfectly capable of making up their own minds.
The referendum still has over four months to run and already feels like a neverendum.
However, if you’re keen to see what others think and join the debate, there is a lively one going on right now in our Arena section.
Comments (2)
I think estate agents should all get together and tell all our buyers and sellers that if we leave the EU all house prices will drop significantly, maybe even 50%
If questioned “Why”? buy the average person on the street (please note I’m being none sexist here)
Just tell him this.
Staying in or leaving the EU is down to you. We do not control the property market. we cannot influence the future of house prices anymore than we can tell you leave or stay in the UK or move abroad.
But if you think leaving the EU will increase house prices in anyway what so ever, please explain. Cos from where I’m sitting if you keep potential house buyers away from the UK market it’s not going go up. IS IT ?
Is 50% too much? maybe 15% in real terms it’s gonna hurt.
Hmmm… deals to be done at certain removals companies, then –
I’ll let all our current pipeline know.