UK property company National Homebuyers, which specialises in buying homes from owners desiring a quick sale, has been weighing up the likely consequences for the housing market if the people of Britain vote to leave the EU.
Burgess Hill, UK (PRWEB UK) 17 June 2016
With some experts saying that property prices could crash by up to 30%, while others think that inward investment might actually increase and thereby improve the market, it’s very difficult for homeowners to make up their minds which way to vote.
Many Brexit supporters have cited a recent poll by Reuters, which indicates that leaving the EU would actually have very little effect on the market – likely leading to a 3.8% rise during the rest of 2016, followed by no movement in 2017 and then a 2% rise in 2018. This has reflected the opinion that while an EU exit would be a dramatic change for Britain, it would not change the fact that supply of houses is currently lower than demand.
However, Bremain fans have pointed to comments by UK government chancellor George Osborne, which where aired on ITV’s Peston on Sunday, when he said that property prices will probably decline and mortgages will become more expensive. He stated that 66% of estate agency experts believed there would be a negative impact on the economy as a result of reduced cross-border investment. Many other economic sources have shared similar views.
The latter is of great concern to those keen to sell their homes, as not only might they achieve lower sale prices, but the situation may also reduce the number of buyers with the means to purchase property.
A spokesman for National Homebuyers, said: “Every day, we’re in contact with homeowners who are keen to sell houses that struggle to attract buyers – either due to an unpopular location, poor condition or another issue that they can’t change easily, if at all. There are also those who simply want to sell their houses more quickly than the open market process usually allows, due to personal circumstances.
“Understandably, these homeowners are very worried about what will happen if Britain leaves the EU – but some are more concerned about the future of society if we remain a part of it, as that too will affect the property market in the long term... and could make homes more difficult to sell for different reasons.”
About National Homebuyers
National Homebuyers is based in West Sussex and purchases high volumes of homes for cash every week. The company guarantees to buy any property in any condition and in any location, enabling owners to move on quickly. If you wish to sell your house fast and require more information then visit: http://www.nationalhomebuyers.co.uk/
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