New research has revealed that Britain's impending exit from the European Union is not a consideration for 71% of consumers.
A study carried out by Opinium on behalf of Mortgage Advice Bureau over the summer found that 65% of prospective movers see family and employment opportunities as the main motivation behind moving.
Those surveyed aged 25-34 were most likely to be unaffected by Brexit, with 38% of the same age range citing a growing family as the reason for their move.
The study also questioned consumers on their attitudes towards house prices.
Some 30% said they expect house prices to fall over the next 12 months, while 29% expect property prices to rise as a result of the UK leaving the EU.
"[This] is perhaps surprising news for those who may want to paint a pessimistic picture of the current UK housing market,” says Brian Murphy, Mortgage Advice Bureau's head of lending.
"For most, a home move is driven primarily by personal circumstances rather than economics or politics."
"Overall, homeowners who are motivated to move are not being swayed by the political negotiations, with consumer confidence in property seemingly still high,” he says.
The latest HM Revenue and Customs figures show that there were...
Rightmove insists the housing market is still moving as more lenders...
Chancellors has acquired a majority stake in the brokers Alexander James...
The total number of mortgage products available reached a post-recession high...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment