29^th Jun 2018

The UK leaving the EU could cause major turmoil in the UK property sector according to homeowners, landlords, insolvency practitioners and investors who took part in the survey held by an online property auction company.

Stricter lending protocols and rising taxes were the most common concerns, however the majority were reasonably enthusiastic with the property market overall.

Just under half of the respondents believed that there were considerably more property sales happening now than in 2013, whilst 55% felt that regional markets were enjoying an increase in housing sales.

In spite of the tougher lending rules, the survey claims that property acquisition is becoming easier as there is a large increase in more affordable homes coming onto the market; the respondents said that when compared to 2013 there are far more opportunities for investment now.

Around 60% said that there are far more choices of property types available on the market and over 79% of respondents were seeing a rise in mixed-use properties.

Other findings from the survey found that landlords prefer to achieve longer term tenancies rather than increasing returns and 82% said that they were looking at diversifying their portfolios to counter market changes.

The head of the company said: "Some of the results weren’t surprising as Brexit uncertainty remains a challenge for many and investors are choosing to diversify their portfolio as a result of taxation changes.

"We were interested to gather insight on investor behaviour and increasing confidence in the regional markets.”

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