Brexit effect on UK property market goes back further than recent months

While Brexit uncertainty is now regarded as affecting the property market in the UK, new research suggests the effects have been going on much longer than recent months. A third of home owners who have moved since the vote to leave the European Union in 2016 say that their decision was influenced by Brexit concerns, according to a new survey. Some 18% said that they felt ‘forced’ to act after losing confidence in the housing market due to Brexit uncertainty while for 15% it was a desire to live abroad due to Brexit6. However, the number of renters who report Brexit as the driving factor in their move since 2016 is lower, at 12%.