Home sellers relaxed about Brexit uncertainty

Brexit uncertainty may be paralysing our political system, but home sellers keen to market their property are undeterred by the UK’s failure to leave the EU.

Seven out of 10 of those who are actively looking to sell up say they are relaxed about the current political uncertainty.

Unfazed by political turmoil

Research by estate agent Jackson-Stops quizzed those who intend to sell their home in 2019 on how they feel about the extended deadline for Brexit. The date of the UK’s departure from the EU has now been pushed back until January 31, the fourth extension.

And next month the UK will go to the polls in a general election. That is adding to the feeling of turmoil and indecision from our decision-makers.

However, 70 percent of home sellers quizzed said neither Brexit nor the general election fazed them. And they confirmed they still intended to push ahead with a sale.

Meanwhile, four in 10 respondents (39 percent) said a no-deal Brexit won’t decide whether they move home; only 14 percent of those quizzed said a no-deal Brexit would have any effect on whether they put their home on the market.

Ideal sellers’ market

Nick Leeming, Jackson-Stops chairman, said: “It is positive to see so many respondents unfazed by the prospect of the country leaving the EU.

“Our latest data shows that the constant ‘will we or won’t be’ debate on when the UK will leave the EU is no longer a dominant factor in people’s home-buying and selling decisions.

“The current market is very discerning. Buying or selling a home isn’t something that people do off the cuff.

“Now represents an ideal time for homeowners to put their property on the market.”