Around 12% of home owners are less likely to sell their property in the next three years, following the Leave vote.
The proportion rises to 18% in London, and to 23% of younger home owners aged 18 to 34.
Plentific research, carried out online by Opinium, surveyed 1,063 home owners across the UK over the weekend and, scaling up the results, claims that 1.7m are now less likely to sell over the next three years.
Cem Savas, co-founder of Plentific, said: “Last week’s result sent shockwaves through the UK, Europe and beyond.
“Our research shows a level of uncertainty for home owners which will impact buying and selling confidence but continue to drive the huge demand for home improvements.”
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Comments (11)
considering the recent upheavals we’ve endured with referendum, England coming second to Iceland in a friendly (cos that what they are when you play amateurs) Planet X is coming our way soon (no don’t try to deny this one!), flooding, pestilence and another black Friday (although I’ve always preferred dress down Fridays).
I’m surprised at the lack of interesting stuff from the EYE today.
Just saying !
In another poll, 77% of respondents believe that tomorrow will be another day.
Just goes to show the quality of respondents to these things, dunnit?
SO…
Someone please enlighten me here.
The survey claims that 18% of Lahndahners are “Less likely to sell their property”; and 23% are “More likely to carry out home improvements”.
Is the latter figure a percentage of the former? Is it only 23% of 18%?
Is this a numerical paradox?
Or simply a handful of 5h!t-smothered statistics cyber-chucked at the digital fan in the hope that someone visits the website?
If you ran a survey like this after any national or international catastrophe perceived to affect Britain then you would get a similar result. Some people will always postpone decisions in the face of change/uncertainty. As soon as the status quo is restored they come out from under their rocks and get on with life.
The ‘Status Quo’ cannot be restored! That was what the vote was for, 51 million people said they didn’t like the way the country was functioning and chose to change it.
Whether that be good or bad isn’t for me to say here, however, it does mean that it is unprecedented, so whilst this may not be accurate on many levels, there is bound to be some disruption. The simple element of uncertainty does have precedent and has always shown a hesitant market, whilst investors, companies and average Joe wait and see what everyone else does. That is enough to start a recession, that is what happened to Northern Rock and most other disaster in the financial markets- not necessarily people thinking the result is a bad one, but waiting around for others to make the first move.
‘Claire’
Every day that dawns brings a new ‘Status quo’. The only constant is change. As Agents, we adapt on a daily/hourly/per-conversation basis.
It is how we have survived – and will survive.
On the other hand, the Call-Centre offering is var-nigh set in stone.
Good luck to them with that.
UH-OH!
It’s well seen The Jury is back in court!
Press releases aplenty now going to swamp us from this company.
Typically, the stats appear a bit… ‘out of balance’. Old habits die hard, I guess…
He’s gonna disrupt the market for sure. One day.
You watch.
Welcome back, Stephen. I’ve missed the banter ;o)
I’ve never gone away, just been quiet.
Marketing Minion
Looking forward to the next thrilling instalments, mon ami!
What’ll it be next to ‘affect’ our market, Stephen? Result of the footie? Potential fall-out from Icelandic eruptions (totally different from first example)? Number of murders/disasters/break-ups affecting this weeks’ soaps?
Answers, on a postcard, please…
You’re creative and funnily enough close to some ideas I’ve recently had. How much could Eastenders homes be worth with home improvements and how many divorces each year are because of DIY / home improvement disputes.
More to come…
Don’t forget matey I’m the one who first posted the phrase ‘Begathon’.
Therefore I’m a genius – your words, not mine.
;o)