Expert SEO Corp

Research Suggests Uncertainty Amongst UK Homeowners Post-Brexit


Team Valley Trading Estate, UK -- (SBWIRE) -- 09/07/2016 -- Ready Steady Sell, based in Gateshead, Tyne and Wear operate an online website that offers homeowners a quick house sale for cash. On average the company speak to 300 homeowners per week looking to sell their homes quickly.

According to statistics provided by Ready Steady Sell, over 70% of homeowners are concerned about the value of their property. 61% of homeowners surveyed also predicted that the value of their home would fall by more than 20% after 'article 50' is triggered by the government.

Consumer confidence in Theresa May's government also came into question, with Ready Steady Sell asking customers if they were confident that the decisions made by the prime minister will take into consideration property owners north of London.

Quick property sales increase pre-article 50.

Managing Director of Ready Steady Sell, David Sessford claims that his company has seen an increase in customers looking to sell their homes quickly for cash with the main reason being a fear of a market collapse.

Mr Sessford said "As a general rule we expect to see customers who are going through divorce, struggling with mortgage payments or emigrating. Recently we have seen an increase in vendors looking to sell quickly due to expectations that property prices will decrease after Brexit particularly when Article 50 is triggered."

Mr Sessford went on to say "I believe if anyone is looking to sell a property quickly, now is the time to do so".

Howard Archer, chief UK economist at IHS Global Insight had this to say on the matter. "We believe housing market activity is likely to be limited over the coming months, and prices will weaken as prolonged uncertainty following the UK's vote to leave the EU constrains consumer confidence and willingness to engage in major transactions."

With the U.K. Prime Minister Theresa May's cabinet recently deciding that there would not be a second referendum on the Brexit decision; therefore, it is only a matter of time before Article 50 is triggered. This leaves a cloud of uncertainty around property prices, and a strong level of indecision amongst homeowners.

About Ready Steady Sell
Ready Steady Sell are the UK's leading cash property buying companies, offering homeowners a fast cash sale without any fees.

Contact Info:
Name: David Sessford
Address: Office 3, 6 Kingsway North, Team Valley Trading Estate, NE11 0NE
Phone: 0800 612 7917