The latest research from quickmovenow.com has suggested that, despite the threat of a ‘no-deal’ Brexit, the majority of the British public remain upbeat about the future of the UK property market.
According to the figures, only 23% of the public said they felt Brexit would have a negative impact on property prices, with the remaining respondents saying they believed property prices would remain steady (33%) or rise (42%) as a result of the United Kingdom leaving the European Union.
Danny Luke, Quick Move Now’s managing director, commented: “The British public appear to be feeling really quite positive about the impact of Brexit on the UK property market. I hope the public is right, however, there are several indicators that I think we need to pay attention to. The recent interest rate increase, a report from Rightmove suggesting that property asking prices are falling, national statistics showing an eight percent reduction in the number of property transactions, and predictions from the Royal Institution of Chartered Surveyors (RICS) all suggest that the British public maybe a little overly optimistic.
Read the full article on Property Reporter