Member Article

Pro-leave towns leading confidence in property market

Despite property market scaremongering and London house prices dropping, it seems Brexit-voting towns aren’t worried about selling their homes at a time of uncertainty.

According to stats, released this week by NetAnAgent.com, pro-Leave areas like Hull, Bradford and Stoke-on-Trent showed the most confidence in property market over the past two years. The comparison site looked at how many website enquiries (those who register their details on the platform) are pressing on to valuation with estate agents

Hull, which returned a leave result of 65%, stood at 28% above the national average of properties going to valuation through the NetAnAgent.com. Similarly Bradford (54% pro-leave) is 20% up on the average and Stoke on Trent (69% leave).

Despite recent fears surrounding property in the capital, NetAnAgent data shows it is holding up well around average with homeowners 4% more likely to go to valuation.

At the other end of the scale Bristol, Remain stronghold who voted 62% to stay in the EU is at the bottom of our confidence index 44% less likely to list than the national average. Similarly Manchester (60% remain) is down 12% and Brighton (69% remain) down 4% on the national listing index average.

NetAnAgent CEO, Alex Thorpe, said: “It interesting to see that the way different areas voted in the EU referendum does seem to have had an impact on how they view the state of the UK property market with a good number of ‘Leave’ areas showing greater levels of confidence than those who voted Remain. It suggests that Remainers are more pessimistic about the prospect of putting there house on the market, measured by how many of them are going to valuation through the NetAnAgent site, a key early indicator of confidence in the market. Senstive and sentiment driven

This was posted in Bdaily's Members' News section by Adam White .