BUSINESS AS USUAL POST-LEAVE

In the weeks since the country voted to leave the EU, we have been monitoring customer confidence and our view so far is that there has not been a huge difference in customer confidence since the decision was made. This view is backed up by national house builder Taylor Wimpey, which has stated that trading was normal for this time of year and in the short term at least it was business as usual.

Rachel Carragher, Sales Negotiator at NSW Properties says, “We feel it is still too early to assess what long-term impact the EU referendum result will have on the UK housing market. For us as a company there has been no significant effect to date, with trading in the last month at a normal seasonal range, a steady number of new instructions and sales for this time of year as market trends do find that many prospective buyers and sellers take a summer break from home-hunting. As we look towards the traditional autumn market rebound we feel very confident with the underlying fundamentals. Applicant enquiries are still strong and buyer motivation is strong given new low lending rates and general demand caused by under supply.”

We will continue to monitor customer confidence in the coming months so that we can make more long term assessments on the housing market.