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Brexit? It’s Business As Usual for Relocation Agent Network Members

Tuesday 12 July 2016

It would appear that amongst Relocation Agent Network members, the result of June’s EU Referendum has (so far) had little impact on the UK housing market.

One week after the EU Referendum, Relocation Agent Network surveyed a group of its members to see what trends they were experiencing in each of their local housing markets. The results found that – on the whole – trends were relatively unchanged.

When discussing the direct impact that the Referendum has had so far on the property market, over 90% stated that they had seen no housing transactions fall through as a direct consequence. 75% also noted that buyer enquiries have stayed the same since the result was announced.

When asked whether survey respondents thought residential sales prices will rise over the next 18 months, 83% indicated they will stay the same. Similarly, 75% indicated that transactions in the sales market for the same period, will also stay the same.

It would appear that survey respondents foresee a similar picture for the UK rental market. 66% reported that over the next 18 months, both rental rates and buy-to-let transactions will stay the same.

The survey also asked respondents how long they thought any uncertainty in the UK property market would last. More than 66% think it will be six months, with an additional quarter suggesting 12 months.

Richard Tucker, Managing Director of Relocation Agent Network said, “So far our members have seen Brexit make very little impact on their local property markets. Of course, the long term impact it will have is uncertain, but the summer months are traditionally a popular time to enter the housing market and 2016 is no different. If you have a property to sell, contact your local Network member today. They're Relocation Agent Network’s appointed Local Expert for your area, which means they have access to out of town buyers moving into the area.”

ENDS
About Relocation Agent Network. Relocation Agent Network is a national network of specially selected estate agents. All members are handpicked after thorough checks identify them as the best estate agent to represent Relocation Agent Network in their area. The Network provides coverage throughout England, Scotland and Wales. Relocation Agent Network is a division of Cartus, the premier provider of global relocation services, with nearly 168,000 customers moved worldwide every year. In the UK, Cartus uses Network members to buy and sell homes for these relocating families. As well as relocating families moving with Cartus, Relocation Agent Network helps house movers in other parts of the country by referring buyers and sellers from one area to another.

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