Tag Archives: referendum

Survey suggests buyers and sellers in UK are affected by Brexit

Some 40% of business owners and small businesses in the UK expect buyers and sellers of houses to hold back until there is greater clarity on the impact of Brexit. Of these, 30% expect house prices to fall by 5% over the next year and 11% believe prices will fall by 10% over the next […] The post Survey suggests buyers and sellers in UK are affected by Brexit appeared first on PropertyWire . Continue reading

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Residential rental demand in UK up in August despite Brexit

Demand from prospective tenants for rented homes in the UK increased in August at the same time as supply dipped slightly, according to the latest research. Overall lettings agents say that the outlook for the rental market is positive despite the decision to leave the European Union, the monthly private rental sector report from the […] The post Residential rental demand in UK up in August despite Brexit appeared first on PropertyWire . Continue reading

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EU citizens renting homes in UK concerned about Brexit effect

Over 30% of European Union (EU) citizens living in the private rented sector in the UK say they are worried that the result of the referendum will make it harder for them to rent a home. Some 31% expect difficulties and 25% are worried that landlords will be less willing to rent to non UK nationals due to Brexit, according to the latest survey from the National Landlords Association (NLA). The poll found that 18% of private renters, approximately two million people, are EU citizens who currently have the right to freedom of movement within the EU. However, there are concerns about whether or not EU citizens will be able to remain in the UK if the right to freedom of movement is removed or restricted during the process. ‘These findings show that a significant proportion of tenants from the EU are genuinely concerned they’ll have to uproot themselves from their work, studies, or friends and family on the strength of the referendum result,’ said Richard Lambert, NLA chief executive officer. ‘There is still a great deal of uncertainty surrounding the referendum, but we want to reassure European citizens living in the UK it’s simply not the case that landlords will stop letting to them just because the country has decided to leave the EU,’ he pointed out. ‘However, if the right to freedom of movement within the EU is curtailed during the exit negotiations, then landlords may have no other option than to end tenancies rather than facing fines and even jail time if they let property to someone without the legal right to remain in the UK,’ he added. Continue reading

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