SALES NEWS: Housing market completely calm despite Article 50
The extensive publicity surrounding Brexit and triggering Article 50 appears to have made absolutely no impact on the housing market, either across the country or in Exeter and East Devon. Several independent measures show that buyers and sellers are undeterred by the move and estate agents are preparing for ‘business as usual’.
- The National Association of Estate Agents says the number of homes sold in the past month across the country was at a 10-year high;
- A survey by the Building Societies Association says 49 per cent of consumers expect house prices to rise over the next 12 months and just 10 per cent expect them to fall;
- A study of 1,500 landlords reveals that 37 per cent of landlords anticipate growing rents over the next six months – another 36 per cent expect increases by this time near year.
The local market in Exeter and East Devon reflects the same trends. East of Exe says the market is performing strongly with sellers and buyers, landlords and tenants registering as usual in good numbers.