call-to-action call-to-action-mobile

Supply and demand outstripping Brexit concerns

Fri 07 Jun 2019



With the Brexit date being pushed back once more, it would appear that supply and demand for property is now the driving factor in the market, with Brexit taking the back seat in terms of market-driving factors.

 

In a recent survey from property investment company SevenCapital, nearly 69.5% of investors continued to invest in the United Kingdom despite the spectre of Brexit. Indeed, this confidence in the United Kingdom property market is echoed by international investors, with nearly 95% of the Hong Kong respondents believing that Brexit isn’t a critical factor in their investment decision.

 

SevenCapital points out that the Sterling has risen in value – a better indicator of fiscal stability – and this outweighs any potential impact that Brexit may have levied upon the market. With the average price of properties increasing last month by over 1% or £3,347, according to Rightmove, then house prices are also reflecting this upturn in the market.

 

In terms of the rental market, rental yields have also grown in recent months with the best performing areas in Birmingham and Manchester seeing yields driven up as much as 10%. With new changes in the rental sector such as the Tenant Fee Ban and Section 21 changes, tenants and potential tenants should be feeling more empowered in terms of their rights which should encourage more renters into the market.

 

Despite the headlines that Brexit has provided of late, it is evident that other factors are driving the property market, both sales and lettings. A key point to note is the lack of housing supply and increased demand of late with this duality keeping the market buoyant, despite any political uncertainties. With first-time buyers now at record levels and keen to buy, there is a whole new swathe of potential buyers entering the market which is creating an extremely competitive sales environment.

"Dear Chris, I just wanted to write to thank you for all your help and guidance on my recent property purchase. Your calm professionalism has guided me through the long process and it has been a real pleasure to do business with you. Thank you. I am placing the property for rental with EhB so I am sure our paths will cross again. Once again many thanks. Kind regards, Annie "
Annie

News Archive

February 2020

ehB helps Milverton youngsters raise cash for playground equipment

ehB wins gold award for being best lettings agent in Leamington

January 2020

Rightmove report shows ehB was Leamington’s number one estate agency in 2019

December 2019

ehB celebrates best autumn in three years – despite Brexit

November 2019

Call us now to get you moving

September 2019

ehB lettings manager celebrates 20 happy years with Leamington estate agency

Show apartment will attract autumn interest at Kenilworth town centre development

August 2019

ehB celebrates record month for sales

July 2019

Phase two of niche Kenilworth town centre development opens on Monday

June 2019

ehB Residential helps Myton Hospice fundraiser reach her goal

The common mistakes made by first time buyers and how to avoid them

ehB marks Safe Agent Awareness Week - protecting tenants and landlords

ehB attends official opening of Riding for the Disabled centre with Princess Anne

Supply and demand outstripping Brexit concerns

ehB guiding you through the property jungle

May 2019

How to get the best deal on your mortgage

April 2019

Feel like your sale is going round in circles?

March 2019

First-time buyer activity at its highest level for over a decade

We have a stable of thoroughbred staff

February 2019

Leamington named sixth speediest town in the UK in which to sell a home

Open day offers chance to view three country homes in Priors Marston

We won't go underground if the going gets tough

January 2019

Estate agent thrilled by Sunday Times’ adulation of Leamington

December 2018

ehB – the next best thing to Santa (really!!!)

November 2018

Long Itchington new home buyers offered incentives to be in for Christmas

We would like to take this opportunity to reassure all of our clients
- sellers, landlords, buyers and tenants that we are taking all reasonable
steps to protect the health of our clients and our team during the Covid -19
Outbreak. We are following the government and industry guidelines to estate
agents and lettings agents, and are conducting viewings and valuations in
person wearing suitable protection to include facemasks and gloves. We are
also available to offer virtual viewings and valuations should you require that
service. We would be happy to discuss these measures with you further should
you require any further information.
 
Leamington Office 01926 881144 or info@ehbresidential.com
Warwick Office 01926 499540 or warwick@ehbresidential.com
Covid-19 Information Hide