Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Half of Britons Believe Brexit Harmed UK Housing Market, Survey Finds
A decade after the UK voted to leave the European Union, new research from Together reveals that half of Britons (50%) believe Brexit has harmed the housing market. The survey also shows that only a quarter (24%) of respondents think Brexit ultimately helped the UK housing market.
According to the findings, 28% of those surveyed believe Brexit harmed the housing market a lot, while 22% think it harmed a little. In contrast, 9% believe Brexit significantly improved the market, and 14% say it helped a little.
Regional differences were also highlighted in the research. In Scotland, 47% of respondents said Brexit harmed the housing market a lot, compared to 37% in the North East and 33% in the North West of England. Meanwhile, just 19% of Londoners and 11% of those in the West Midlands thought Brexit helped boost the housing market.
The research was conducted by Together and reported by Mortgage Strategy. The findings may be of interest to UK letting agents and inventory clerks monitoring public sentiment and regional trends in the property sector.
Source: Mortgage Strategy